What were limbos credit card sales for year 5, Accounting Basics

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What were limbos credit card sales for year 5

Limbo reports in millions of dollars on its balance sheet for year-end Year 5 and Year 4 as follows:

Year 5 Year 4

Credit Card Receivables 27,371 24,932

Less: Allowance for Uncollectibles (821) (808)

It reports write-offs of accounts receivable during Year 5 of 4.5% of its average gross receivables of 26000 and that Bad Debt Expense is 3.5% of credit card sales. What were Limbo's credit card sales for Year 5?

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Accounting Basics: What were limbos credit card sales for year 5

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Recent Questions Asked Accounting Basics

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Accounting Basics: What were limbos credit card sales for year 5

Reference No:- TGS0679586

Recent Questions Asked Accounting Basics

Q : What is this company overhead rate

Q : Increase in the number of units sold

Q : Determine the amount of overhead to be allocated

Q : What would be forgone lost future value over forty years

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Q : Calculating the inventory turnover

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Q : The amount of income tax expense for each of the four years

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