Z Company Obtained the Following Balances from Its Computerized Accounting

question 92

Multiple Choice

Z Company obtained the following balances from its computerized accounting information system at the end of the year before adjustments: The company estimates that 2% of net sales will be uncollectible.After the correct adjusting entry has been made,what is the net accounts receivable on the year-end balance sheet?

• A)This is a trick question.Accounts receivable appear on the income statement,not the balance sheet.
• B)$46,100
• C)$46,000
• D)$45,900

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Definitions:

Sales Management

The process of directing a company's sales team by developing strategy, managing sales operations, and setting sales targets to maximize profits.

Assistant Sales Representative

An entry-level position in sales, assisting more senior sales representatives in their duties and learning the trade.

Order-getters

Salespeople who actively seek out customers and work to persuade them to make a purchase, often involving personalized service and negotiation.

Sales Presentations

Formal meetings or pitches where salespeople explain or demonstrate the features and benefits of their products or services to potential buyers.