On January 1, 2016, the Accounts Receivable and the Allowance for Uncollectible Accounts for Darius Company carried balances of $20,000 and $550 respectively. During the year, the company reported $70,000 of credit sales. There were $400 of receivables written off as uncollectible in 2016 . Cash collections of receivables amounted to $74,700 . The company estimates that it will be unable to
collect 5% of the year-end accounts receivable balance. The net realizable value of receivables appearing on the 2016 balance sheet will amount to:
a. $14,105
b. $14,155
c. $14,900
d. $15,450
b
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When Martha was hired as a sales representative by Overton, Inc, she signed an employment agreement which contained the following provision: "I, Martha, will not solicit business from the customers that I worked with at Overton for a period of one year following my termination of employment with Overton." Agreements, like the one signed by Martha, are generally only enforceable if necessary to
protect: a. trade secrets, confidential information, or customer lists developed over an extended period. b. some underlying reference. c. unacceptable risks because of their speculative nature. d. the revenue of the state.
The primary reason companies have placed an emphasis on buying from minority- and women-owned suppliers and vendors is because
A. they can help a firm meet or exceed its objectives in sales, profits, or customer satisfaction. B. these companies will work harder for less money. C. it is the socially responsible thing to do. D. new federal government regulations require it. E. it can attract new target markets.
What is the essential difference between a call option and a put option?
A) A call option transaction occurs now, while a put option transaction takes place in the future. B) An call option transaction is the right to purchase the underlying asset, while a put option is the right to sell the underlying asset. C) An call option transaction is not standardized, while put option transaction is standardized. D) An call option transaction deals with financial assets, while a put option transaction deals with commodities.
Image assessment surveys are an example of causal research designs.
Answer the following statement true (T) or false (F)