Your Company earned $520,000 of revenue on account and $100,000 of cash sales during the year. It collected $425,000 of its receivables during the year. The beginning balance in the accounts receivable was $45,000 and allowance accounts beginning balance was $1,200. 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? $120,600 MOCHOPNOST $140,000 $220,600 $220,600 $159,400 $121,800

Your Company earned $520,000 of revenue on account and $100,000 of cash sales during the year. It collected $425,000 of its receivables during the year. The beginning balance in the accounts receivable was $45,000 and allowance accounts beginning balance was $1,200. 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? $120,600 MOCHOPNOST $140,000 $220,600 $220,600 $159,400 $121,800

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter3: Evaluation Of Financial Performance

Section: Chapter Questions

Problem 3P

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