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

---

Definitions:

Late Adulthood

A stage of human development that typically refers to individuals aged 65 and older, often characterized by retirement, life review, and increased focus on health.

Ego Integrity Versus Despair

Erikson’s eighth life crisis, defined by maintenance of the belief that life is meaningful and worthwhile despite physical decline and the inevitability of death versus depression and hopelessness.

Robert Peck

A psychologist known for his contributions to understanding the stages of psychological development in later adulthood.

Developmental Tasks

Specific achievements or milestones that individuals are expected to accomplish within a certain age range as part of their psychological growth.