Net realizable value of receivables

Reference no: EM13147871

There were $170,000 in sales on account during the accounting period. Write-offs of uncollectible accounts were $1,400. What was the amount of cash collected from accounts receivable? What amount of uncollectible accounts expense was reported on the income statement? What was the net realizable value of receivables at the end of the accounting period?

Reference no: EM13147871

Questions Cloud

Dollar purchase that forecast using conditional probability : Conditional probabilities of the indicators conditional on future profitability are P(G80,000) = .1; P(G 100,000) = .2; P(G120,000) = .6; P(G140,000) = .3. Should Dollar purchase that forecast?

How many grams of potassium are present : how many grams of potassium are present in 13.6g of K2Cr2O7

What molar concentration of h2so4 solution : 18.25 ml of 0.197 M NaOH will neutralize 10.00 ml of what molar concentration of H2SO4 solution?

A week after debbie stopped taking her medication : A week after Debbie stopped taking her medication, she approached a neighbor, Mark, as he walked along the sidewalk fronting Jennifer's home. When she was face to face with Mark, Debbie, without provocation, gestured threateningly and screamed, "I kn..

Net realizable value of receivables : What amount of uncollectible accounts expense was reported on the income statement? What was the net realizable value of receivables at the end of the accounting period?

Compute the mass of air in an air-filled tire : Calculate the mass of air in an air-filled tire. Part B: Calculate the mass of helium in a helium-filled tire. Part C: What is the mass difference between the two?

Find the probability that bomber a will succeed : The bombers success rates for bomber A, B and C are: 30%, 45% and 60% respectively. Find the probability that:Bomber A will succeed, but bomber B and C will fail.

Material deposited by glaciers differ from material deposit : How does material deposited by glaciers differ from material deposited by streams?

Reaction of nitrogen dioxide with carbon monoxide : The reaction of nitrogen dioxide with carbon monoxide NO2 + CO NO + CO2 is second order in NO2 and zero order in CO. Complete the rate law for this reaction in the box below

User Account

All Pages