Question: can you please help me to do the questions The Dubious Company operates in an industry where all sales are made on account. The company

The Dubious Company operates in an industry where all sales are made on account. The company has experienced bad debt losses of 1.60% of credit sales in prior periods. Presented below is the company's forecast of sales and expenses over the next three years. Sales Revenue Bad Debt Expense Other Expenses Net Income Year 1 $ 371,000 Unknown 338,000 Unknown Year 2 $ 377,000 Unknown 342,000 Unknown Year 3 $ 376,000 Unknown 338,750 Unknown Required: a. Calculate Bad Debt Expense and net income for each of the three years, assuming uncollectible accounts are estimated as 1.60% of sales. b. Assume that the company changes its estimate of uncollectible credit sales to 1.60% in Year 1, 2.60% in Year 2 and 2.10% in Year 3. Calculate the Bad Debt Expense and net income for each of the three years under this alternative scenario. Complete this question by entering your answers in the tabs below. Required a Required B Calculate Bed Debt Expense and net income for each of the three years, assuming uncollectible accounts are estimated as 1.60% of sales. Year 1 Year 2 Year 3 Bad Debt Expense Net Income Required 3 > The Dubious Company operates in an industry where all sales are made on account. The company has experienced bad debt losses of 1.60% of credit sales in prior periods. Presented below is the company's forecast of sales and expenses over the next three years. Year 1 Year 2 Year 3 Sales Revenue $ 371,000 $ 377,000 $ 376,000 Bad Debt Expense Unknown Unknown Unknown Other Expenses 338,000 342,000 338,750 Net Income Unknown Unknown Unknown 30 Required: a. Calculate Bad Debt Expense and net income for each of the three years, assuming uncollectible accounts are estimated as 1.60% of sales b. Assume that the company changes its estimate of uncollectible credit sales to 1.60% in Year 1, 2.60% in Year 2 and 2.10% in Year 3. Calculate the Bad Debt Expense and net income for each of the three years under this alternative scenario, Complete this question by entering your answers in the tabs below. Required a Reqiredo Assume that the company changes its estimate of uncollectible credit sales to 1.60% in Year 1, 2.60% in Year 2 and 2.10% in Year 3. Calculate the Bed Debt Expense and net income for each of the three years under this alternative scenario. Year 2 Year Bad Debt Expense Net Income
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