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In February, one of Team Shirts' best customers went bankrupt owing team shirts $85. Team shirts uses the sales method for estimating bad debts. February sales were $15,000. The accountant has been using 3% of sales as the estimated bad debts percentage. Before adjustment and the write- off, the balance in the allowance for uncollectable accounts was $(100). After the write- off and adjustment, the balance in the allowance for uncollectible accounts should be:
A. $365
B. $450
C. $465
D. $550
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Sales= 4,500,000 Min required return= 15% Avg Operating assets= 1,800,00 Residual Income= 90,000 !) Whats the company's return on investments? Please show work so I can see how
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