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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
Positive
Characterized by the presence or possession of features or qualities rather than their absence.
Negative
Characterized by a lack of positive qualities, often associated with harmful or undesirable effects.
External Locus
The belief that outcomes in one's life are determined by external forces or circumstances beyond personal control.
Positive Attitude
A position resulting from healthy self-esteem, optimism, extraversion, and personal control.
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