Coronado Industries had a 1/1/17 balance in the Allowance for Doubtful Accounts of $32500. During 2017, it wrote off $21700 of accounts and collected $6150 on accounts previously written off. The balance in Accounts Receivable was $620000 at 1/1 and $730000 at 12/31. At 12/31/17, Smithson estimates that 7% of accounts receivable will prove to be uncollectible. What is Bad Debt Expense for 2017

urban company reports the following information regarding its production cost: units produced 37,000 units direct labor $ 30 per unit direct materials $ 35 per unit variable overhead $ 237,000 in total fixed overhead $ 127,000 in total

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"we first find value of tax in dollars.

the difference between the two prices   is: 23. 54 - 22 = 1.54

therefore the sales tax in dollars is 1.54

the tax % will be   (amount of tax / original cost price ) × 100

(1.54 / 22) × 100  → (0.07) × 100 =   7

so the tax rate is 7%

we can double check the answer.

7 % of 22   → (7/100) × 22 → 0.07 × 22 = 1.54

22 + 1.54 = 23.54"