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Question - Zara's Outfits has a store in Dixie Outlet Mall. Zara's Outfits specializes in high- class ladies fashions and sells complete outfits for a uniform price of $75 each. The sales budget for 2007 was to sell 6,000 outfits. If the sales were all made for cash, determine the bad debt expense?
-2% of the sales value
-2% of the cost of goods sold
-2% of $75,000
-2% of 6,000
-zero
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