the sales total is $56,000, sales discount is $1,000, sales return is $5,000, and the estimated percentage of uncollectible accounts is 1.5% what will be the final uncollectible amount?

a) $5,000
b) $6,000
c) $750
d)$7,500

Question

the sales total is $56,000, sales discount is $1,000, sales return is $5,000, and the estimated percentage of uncollectible accounts is 1.5% what will be the final uncollectible amount?

a) $5,000
b) $6,000
c) $750
d)$7,500

rissyroo118 · Answer

@mathmate

mathmate · Answer

The gross sale is $56000 (including returns and discounts).
So take those items off to get net sales.
Multiply net sales by the percentage of uncollectible accounts to give the delinquent amount.

rissyroo118 · Answer

turning 1.5% into a dc it would be 0.15 or 0.015?

rissyroo118 · Answer

never mind i got it , it would be 0.015

rissyroo118 · Answer

it would be c. 750 :)

mathmate · Answer

Exactly, well done!  :)