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.
The bad debt expense percentage measures the expected uncollectibility on credit sales. Definition. Bad debt expense percentage equals bad debt expense for the year divided by credit sales for that year. Bad debt expense is the net addition to the allowance for bad debts during your business year. If you do not maintain an allowance account, it would be the amount you write off during that year.