On January 15, 2016, the accounts receivable balance was $7,000 and the balance in the allowance for doubtful accounts was $700 . On January 16, 2016, a $200 uncollectible account was written-off. The net realizable value of accounts receivable on January 16 immediately after the write-off is:

a. $6,300
b. $6,800
c. $6,500
d. $7,900


a

Business

You might also like to view...

As per the text, one of the time management skills that can help sales professionals in achieving success is spending time on low-priority tasks.

Answer the following statement true (T) or false (F)

Business

The present value of $1,000 to be received in 5 years is ________ if the discount rate is 12.78%

A) $368 B) $687 C) $494 D) $548

Business

Marlon and Eden at Fresh Foods believe they have come up with a delicious low-calorie dessert, but they have some doubt about which of two promotional and pricing campaigns will be better received by consumers. In this instance, they probably should proceed to the ____ stage of the new-product development process.

A. business analysis B. commercialization C. screening D. test marketing E. product development

Business

A manufacturing process produces items whose weights are normally distributed. It is known that 22.57% of all the items produced weigh between 100 grams up to the mean and 49.18% weigh from the mean up to 190 grams. Determine the mean and the standard deviation

Business