Calistoga Produce estimates bad debt expense at 0.30% of credit sales. The company reported accounts receivable and allowance for uncollectible accounts of $474,000 and $1,550 respectively, at December 31, 2020. During 2021, Calistoga's credit sales and collections were $327,000 and $315,000, respectively, and $1,840 in accounts receivable were written off. Calistoga's 2021 bad debt expense is: Multiple Choice $981. $945. $791. $1,650.

$981

Explanation:

From the question, bad debt expense is given as 0.30% of credit sales.

For 2020:

Accounts receivable = $474,000

Allowance for collectible accounts = $1,550

For 2021:

Credit sales = $327,000

Collections = $315,000

Accounts receivable written off = $1,840

Calistoga's 2021 bad debt expense will be:

= 0.30% × credit sales

= 0.0030 × $327,000

= $981

The bad debt expense is $981

the page presents four different kinds of threats that volcanoes pose and what to do before, during, and after an eruption.

1   all nations face the problem of scarcity because there are limited resources and unlimited wants. nations do not have enough factors of production to produce everything that their population wants. entrepreneurial resources initiate businesses to make new goods and services; labor resources produce goods and services.

2 there are four factors of production: natural resources, labor resources, capital resources, and entrepreneurial resources. natural resources are raw materials from nature that are used to produce goods. trees, water, and grains are natural resources. some natural resources, such as wheat and cattle, are renewable

3 wants

things that you do not need to have in order to survive, but would like to have

needs

things that you must have in order to survive

goods

physical products

services

tasks that a business perform for customers

resources

items that people can use to make or obtain what they need or want

determine

to settle or decide by choice of alternatives or possiblities

4 i really dont know