Question

IN 2008, Variman, Incorportated had Gross Accounts receivable of $2,366,420 and management estimated the Allowance for Doubtful accounts to be $243,520. Compute the ratio of Allowance of Doubtful accounts to Net Accounts receivable for Variman, Inc. for 2008 (that is, compute Allowance/ Net Accounts receivable.)
IN 2008, Variman, Incorportated had Gross Accounts receivable of $2,366,420 and management estimated the Allowance for Doubtful accounts to be $243,520. Compute the ratio of Allowance of Doubtful accounts to Net Accounts receivable for Variman, Inc. for 2008 (that is, compute Allowance/ Net Accounts receivable.)

Related Questions

I was given gross accounts receivable $15,200,000 and $17,600,000 respectively; allowance for uncoll... P9-4A (a-d) Wall Inc. uses the allowance method to estimate uncollectible accounts receivable. The... After the accounts are adjusted and closed at the end of the fiscal year, Accounts Receivable has a...