Use This Information to Answer the Following Questions

question 47

Multiple Choice

Use this information to answer the following questions:
At year-end, Shifty Ltd had a balance of accounts receivable of $90 000 and an allowance for doubtful debts of $4000. It was decided to write off the debt of Wriggler, totalling $2500, as irrecoverable. It was further decided that the allowance for doubtful debts should stand at 5% of accounts receivable.
-What was the net balance sheet value of accounts receivable at year-end following the period-end adjustments?

• A) $87 500
• B) $85 500
• C) $83 125
• D) $90 000.

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Definitions:

Community Resource

A community resource is any service, facility, or information that is available to the members of a community, often aimed at improving the quality of life or meeting the needs of the population.

Qualitative Data

Non-numerical information that describes qualities or characteristics, often collected through interviews, observations, or open-ended questions.

Assessment Use

Involves the application of various methods and tools to measure, evaluate, or appraise a subject's performance, abilities, or characteristics.

Satisfaction Survey

A tool used to gauge the level of satisfaction or dissatisfaction of individuals with services, products, or experiences.