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My name is Ann [436]
3 years ago
6

Candle Stix estimates that 2% of the $100,000 balance in accounts receivable is uncollectible. Prior to year-end adjusting entri

es, there is a $400 debit balance in allowance for doubtful accounts. What is the net realizable value of accounts receivable
Business
1 answer:
Mnenie [13.5K]3 years ago
8 0

Answer:

$97,600

Explanation:

First, we need to get the value for uncollectible in accounts receivable

= 2% Multiplied by balance in accounts receivable as uncollectible

= 2% × 100,000

= $2,000

We will then subtract the balance above which is the uncollectible from the accounts receivable

= $100,000 - $2,000

= $98,000

The net realizable value would the be ;

= $98,000 - $400

= $97,600

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Answer:

Country x

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2 years ago
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Explanation:

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The drawing of a laffer curve has been attached

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