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What percentage of sales is considered uncollectible

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Reference no: EM132572734

Question - A company's sales for the year were $549,650 and a credit to Allowance for Bad Debt for $16,489.50 was made.

Required - Based on this entry, what percentage of sales is considered uncollectible?

a. 4%

b. 2.5%

c. 3.5%

d. 3%

Reference no: EM132572734

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