Question
Teocalli Burritos owns a fleet of food delivery trucks that provide food services to a variety of local entertainment events. Management for the company
Teocalli Burritos owns a fleet of food delivery trucks that provide food services to a variety of local entertainment events. Management for the company provided you the following information pertaining to the accounts receivable aging schedule. Required: Use aging of accounts receivable to estimate the uncollectible accounts expense. What amount will Teocalli Burritos estimate as uncollectible accounts expense? Number of Days Past Due Percent Uncollectible Uncollectible Accounts Expense Amount Current $ 836,000 1% 0-30 276,000 3% 31-60 146,000 10% 61-90 101,000 30% Over 90 days 46,000 60% Total
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Business Law Principles for Today's Commercial Environment
Authors: David P. Twomey, Marianne M. Jennings, Stephanie M Greene
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1305575156, 978-1305887657, 1305887654, 978-1305575158
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