After Aging the Accounts Receivable, It Is Estimated That $1,200

question 57

Multiple Choice

After aging the accounts receivable, it is estimated that $1,200 will not be collected and the allowance account has an existing credit balance of $400. If the accounts receivable total $130,000, the net receivables would be

• A) $128,800.
• B) $129,600.
• C) $128,400.
• D) $128,000.

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Definitions:

Incarceration Rates

The number of individuals confined in a prison or jail per 100,000 population within a specific geographic area.

Crime Statistics

Data collected, analyzed, and published regarding incidences of crime over a specific period, often used to identify trends, allocate resources, and inform policy.

Racial Discrimination

Unfair or unequal treatment of individuals based on their race or ethnicity, often manifesting in social, economic, and legal disparities.

Constraint Theories

Identify the social factors that impose deviance and crime (or conventional behavior) on people.