Colleges like The Ohio State University are working hard to make tuition affordable to deserving students. Use our tool to get a quick guess about your actual costs and links to tools to get an even better estimate directly form the college. Get Your Estimate. Future projections are based on past four years' data averaging 2.61% annual change in in-state tuition and fees and 3.14% change in out-of-state tuition and fees.
Percentage of sales method of estimating uncollectible accounts receivable. The percentage of sales method of estimating uncollectible accounts receivable is based on the relationship between uncollectible accounts receivable and the credit sales that produced them.
Use the GAAP allowance method based on a percentage of sales to estimate the amount of bad debt that will be uncollectible during the current fiscal year. This income statement approach is very easy to calculate. Take the company's current yearâs sales and multiply this figure by the firm's historical rate of uncollectible debt.