Jefferson uses the percent of method of estimating uncollectible expense. Based on past history, 2% of credit sales are expected t be uncollectible. Sales for the current year are $5,550,000. Which of the following is correct?
a. Bad deb expenses is estimated to be $11,100.
b. Uncollectible accounts are estimated to be $55,500.
c. Uncollectible accounts are estimated to be $111,000.
d. Bad debt expense is estiated to be $5,550

Mr. beautiful, an organization that sells weight training sets, has an ordering cost of $40 for the bb-1 set. (bb-1 stands for body beautiful number 1.) the carrying cost for bb-1 is $5 per set per year. to meet demand, mr. beautiful orders large quantities of bb-1 seven times a year. the stockout cost for bb-1 is estimated to be $50 per set. over the past several years, mr. beautiful has observed the following demand during the lead time for bb-1: demand during lead time probability40 0.150 0.260 0.270 0.280 0.290 0.1total 1.0the reorder point for bb-1 is 60 sets. what level of safety stock should be maintained for bb-1?