The data presented below is for Falconi, Inc for 2016. Credit sales during the year $2,100,000 Accounts receivable—December 31, 2016 395,000 Allowance for doubtful accounts—December 31, 2016 20,000 Bad debt expense for the year 17,000 What amount will Falconi show on its year-end balance sheet for the net realizable value of its accounts receivable?
a. $378,000
b. $375,000
c. $358,000
d. $ 20,000
b
You might also like to view...
Standard costs are:
A. Rarely achieved. B. Actual costs incurred to produce a specific product or perform a service. C. Uniform among companies within an industry. D. Established by the IMA. E. Preset costs for delivering a product or service under normal conditions.
In the ________ type of retailing, customers usually find their own goods, although they can ask salespeople for assistance
A) self-service B) self-selection C) full-service D) limited service E) limited-selection
How can an entrepreneur generate legitimacy?
A. by avoiding constructive criticism B. by being risk-averse C. by removing standards established by credentialing associations D. by maintaining the status quo E. by visibly conforming to expectations created by governments
Order-effects research confirms that information presented early in a sequence affects judgments made later. This may be due to ______.
A. belief updating B. fatigue C. narrow focus D. confirming a first impression