Answer:
$14,500
Explanation:
For the computation of the amount of Carlson's accounts receivable at the end of the year first we need to follow some steps which is shown below:-
Days sales collected = Total number of days in a year ÷ Account receivable turnover ratio
30 days = 360 days ÷ Account receivable turnover ratio
Account receivable turnover ratio = 12 times
Now as we know that
Account receivable turnover ratio = Net credit sales ÷ Average accounts receivable
12 = $150,000 ÷ Average accounts receivable
Average accounts receivable = $12,500
And, the Average accounts receivable would be
= (Accounts receivable, beginning of year + Accounts receivable, end of year) ÷ 2
$12,500 = ($10,500 + Accounts receivable, end of year) ÷ 2
So, Accounts receivable, end of year = $14,500
