The Face Amount of Accounts Receivable for Rio Inc

question 47

Multiple Choice

The face amount of accounts receivable for Rio Inc. is $20,000. It was estimated that 5% of the accounts will not be collected, cash discounts of $500 will be exercised, and $200 of sales returns will be experienced. The net realizable value of accounts receivable is

• A)$19,500
• B)$19,300
• C)$20,000
• D)$18,300

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Definitions:

Disagreements

Situations where two or more parties have differing opinions, beliefs, or perspectives.

Informal Channels

Unofficial routes of communication within an organization, not bound by formal procedures or structures.

Entry-level Positions

Jobs suitable for individuals who are starting their careers or have minimal professional experience, often requiring less responsibility and complexity.

Independently

Acting or thinking in a way that is free from outside control or influence.