Jensen corporation uses the percentage-of-sales method to estimate uncollectibles. net credit sales for the current year amount to $ 2,017,000 and management estimates 4% will be uncollectible. the allowance for doubtful accounts prior to adjustment has a debit balance of $ 26,000. after all adjusting entries are made, the balance in allowance for uncollectible accounts will be:

answer; /// the above statement is (true);

the investment was $14,174.196

explanation:

a lump sum means that the father of the example made one deposit and leave it be.

we need to know the value of a capital that generated at 4.05% per year during 28 years the sum of $48,613.24

now clearing the formula to solve for capital we got:

and we reach the answer investment = $14,174.20

answer; capital structure decision;