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Question - On January 1, 2021 Your Company had a $290,000 balance in the Accounts Receivable account and a $12,500 balance in the Allowance for Doubtful Accounts account. During 2021, Your Company provided $520,000 of service on account and $250,000 of cash sales. The company collected $625,000 cash from account receivable. The company estimated that it will be unable to collect $18,200 of its current year's sales on account. What is the net realizable value of the receivables at year end?
a) 404,300.
b) 185,000.
c) 155,500.
d) 215,700.
e) 154,300.
Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest. How much control does the Fed have over this longer real rate?
Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.
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Write a report on Internal Controls
Prepare the bank reconciliation for company.
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Simple Interest, Compound interest, discount rate, force of interest, AV, PV
CAPM and Venture Capital
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