Accounts receivable for Luminous Co. totaled $16,000 and the Allowance for Uncollectible Accounts balance was $70 at year end after write offs but before recording the year-end estimate of uncollectible accounts. Luminous Co. wrote off $490 of uncollectible accounts during the year. Management estimated that 3.30% of its net sales of $19,800 would not be collected. Compute the bad debt expense for the year using the percentage-of-credit sales method.

Faldo corp sells on terms that allow customers 45 days to pay for merchandise. its sales last year were $325,000, and its year-end receivables were $60,000. if its dso is less than the 45-day credit period, then customers are paying on time. otherwise, they are paying late. by how much are customers paying early or late? base your answer on this equation: dso - credit period = days early or late, and use a 365-day year when calculating the dso. a positive answer indicates late payments, while a negative answer indicates early payments.a. 21.27b. 22.38c. 23.50d. 24.68e. 25.91b