Chapter 1, Problem 2PSA

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Please read these general accounting question and provide answer the following requirements on these accounting question

General accounting question

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How much overhead cost

Ramsey Corp. reported the following balances at the end of the year: Credit Sales: $275,000 Accounts Receivable: $68,000 Allowance for Uncollectible Accounts before adjustment: $2,800 debit Ramsey Corp. estimates that 7.5% of the credit sales are uncollectible. After the year-end adjustment, what is the Net Realizable Value of Accounts Receivable?

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Calculate the activity rate

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