Colleges like The Ohio State University are working hard to make tuition affordable to deserving students. Use our tool to get a quick guess about your actual costs and links to tools to get an even better estimate directly form the college. Get Your Estimate. Future projections are based on past four years' data averaging 2.61% annual change in in-state tuition and fees and 3.14% change in out-of-state tuition and fees.
Percentage of sales method of estimating uncollectible accounts receivable. The percentage of sales method of estimating uncollectible accounts receivable is based on the relationship between uncollectible accounts receivable and the credit sales that produced them.
5,333 ($533,275 x 1% = $5,333 bad debt expense) TIP: If the estimate for uncollectible accounts receivable is to be based on a percentage of net sales, the expense figure is a percentage of net sales and any existing balance in the Allowance account will not affect the amount of the adjusting entry.he Accounting Information System 3-3 ___________________________________________________________________________ TIP: An understanding of the following terms is important. (1) Event: a happening of consequence. An event generally is the source or cause of changes in assets, liabilities, and equity.