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Instructions Rubin Enterprises had the following sales-related transactions on a recent day: a. Billed customer $29,300 on account for services already provided. b. Collected $5,955

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Instructions Rubin Enterprises had the following sales-related transactions on a recent day: a. Billed customer $29,300 on account for services already provided. b. Collected $5,955 in cash for services to be provided in the future. C. The customer complained about aspects of the services provided in Transaction a. To maintain a good relationship with this customer, Rubin granted an allowance of $1,700 off the list price. The customer had not yet paid for the services. d. Rubin provided the services for the customer in Transaction b. Additionally, Rubin granted an allowance of $450 because the services were provided after the promised date. Because the customer had already paid, Rubin paid the $450 allowance in cash. The accountant for Porile Company prepared the following data for sales and losses from uncollectible accounts: Losses from Year Credit Sales Uncollectible Accounts 2015 $888,000 $10,625 2016 952,000 14,840 2017 1,083,000 16,790 2018 1,189,000 16,850 *Losses from uncollectible accounts are the actual losses related to sales of that year (rather than write-offs of that year). Required: 1. Calculate the average percentage of losses from uncollectible accounts for 2015 through 2018. Enter your answer as percentage, rounded to .0248563 to 2.5%). 10.5 X %

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