Jefferson uses the percent of method of estimating uncollectible expense. based on past history, 2% of credit sales are expected t be uncollectible. sales for the current year are $5,550,000. which of the following is correct?
a. bad deb expenses is estimated to be $11,100.
b. uncollectible accounts are estimated to be $55,500.
c. uncollectible accounts are estimated to be $111,000.
d. bad debt expense is estiated to be $5,550
1) being hacked and all your money being stolen
2) identity theft
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