ABC Corp. has outstanding accounts receivable totaling $6.5 million as of December 31 and sales on credit during the year of $24 million. There is also a credit balance of $12,000 in the allowance for doubtful accounts. If the company estimates that 6% of its outstanding receivables will be uncollectible, what will be the amount of bad debt expense recognized for the year

$378,000

Step-by-step explanation:

The computation of the bad debt expense for the year is shown below:

Bad debt expense = Outstanding account receivable × estimated percentage given - credit balance of allowance for doubtful account

= $6,500,000 × 0.06 - $12,000

= $390,000 - $12,000

= $378,000

We simply deduct the credit balance from the estimated balance so that the correct amount could arrive

the inequality is:

250c+180g≥950

step-by-step explanation:

let c denotes the number of days in a week   miyoko worked as a cryptographer.

and g denotes the number of days in a week she works as a geologist.

now we are given that she earns $250 for every day she works as a cryptographer,and earns $180 for every day she works as a geologist.

now miyoko's goal is to earn more than $950 this week.

hence, the inequality could be represented as:

250c+180g≥950