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At the beginning of 2012, EZ Tech Company's Accounts Receivable balance was $140,000, and the balance in Allowance for Doubtful Accounts was $2,350 (Cr.). EZ Tech's sales in 2012 were $1,050,000, 80% of which were on credit. Collections on account during the year were $670,000. The company wrote off $4,000 of uncollectible accounts during the year.
Using the percentage of sales approach, the net realizable value of the receivables is?Using the percentage of year-end receivables approach, the net realizable value of the receivables is?
sales price 6.15 per unitvariable costs 2.44 per unitfixed costs 10184how many units must this company sell to achieve
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This assignment is not designed to require you to go to the library or to access International Accounting Standards. If you spend your time just thinking about the issue, the answers should become apparent.
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