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Using the Following Information: During 2018, Sales on Account

question 157

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Using the following information: Using the following information:   During 2018, sales on account were $145,000 and collections on account were $100,000. Also during 2018, the company wrote off $4,000 in uncollectible accounts. An analysis of outstanding receivable accounts at year end indicated that uncollectible accounts should be estimated at $40,000. The change in the cash realizable value from the balance at 12/31/17 to 12/31/18 was a A)  $36,000 increase. B)  $41,000 increase. C)  $44,000 increase. D)  $45,000 increase. During 2018, sales on account were $145,000 and collections on account were $100,000. Also during 2018, the company wrote off $4,000 in uncollectible accounts. An analysis of outstanding receivable accounts at year end indicated that uncollectible accounts should be estimated at $40,000.
The change in the cash realizable value from the balance at 12/31/17 to 12/31/18 was a

Analyze the demographic shifts and social structures in the South between 1830 and 1860.
Expose the challenges of developing social institutions in the antebellum South and their causes.
Recognize the impact of slavery on Southern society's values, economics, and social organization.
Appreciate the living conditions, societal positions, and resistance movements of slaves in the antebellum South.

Definitions:

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