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STatiana [176]
2 years ago
5

After the accounts are adjusted and closed at the end of the fiscal year, Accounts Receivable has a balance of $703,938 and Allo

wance for Doubtful Accounts has a balance of $19,734. What is the net realizable value of accounts receivable? a.$684,204 b.$723,672 c.$703,938 d.$19,734
Business
1 answer:
JulijaS [17]2 years ago
7 0

The net realizable value of accounts receivable is $684,204

Explanation:

  • To calculate subtract the doubtful-accounts allowance from the total accounts receivable. The result will be the net realizable value of accounts receivable.
  • accounts receivable = $703,938
  • doubtful-accounts = $19,734.
  • the net realizable value of accounts receivable =
  • accounts receivable ± doubtful-accounts
  • Therefore, the net realizable value of accounts receivable is $684,204

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Answer:

a. 57 percent of the U.S. M1 money supply.

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2 years ago
Janet Home went to Citizen Bank. She borrowed $7,000 at a rate of 8%. The date of the loan was September 20. Janet hoped to repa
coldgirl [10]

Answer:

The interest is $189.78

Explanation:

The computation of the interest on January 20 is shown below:

= Principal × interest rate × number of days ÷ total number of days in a year

= $7,000 × 8% × 122 days ÷ 360 days

= $7,000 × 8% × 0.338

= $189.78

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September - 10 days

October - 31 days

November - 30 days

December - 31 days

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8 0
3 years ago
On June 15th, Buehler Company sells merchandise on account to Chaz Co. for $1,000, terms 2/10, n/30. On June 20th, Chaz Co. retu
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Answer:

$ 686

Explanation:

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6 0
2 years ago
Residual Claims Haung. Inc; is obligated to pay its creditors $10,700 very soon.1. What is the market value of the shareholders
frosja888 [35]

Answer and Explanation:

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8 0
3 years ago
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