A Company's Accounts Receivable Balance After Posting Net Collections from Customers

question 19

Multiple Choice

A company's accounts receivable balance after posting net collections from customers is $150,000.Management has determined there are the following uncollected accounts,including the corresponding aging of accounts receivable and uncollected percentages: $100,000 that are 1 to 30 days past due at 2%,and $50,000 that are 31 to 60 days past due at 10%.What is the net realizable value of the accounts receivable?

• A) $143,000
• B) $147,500
• C) $148,000
• D) $150,000

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Definitions:

Strategic Plans

Long-term roadmaps designed by organizations to guide their overall efforts and achieve specific goals and objectives.

Operational Plans

Strategic blueprints that outline detailed actions and resources required to accomplish short-term objectives aligned with an organization's goals.

Time Management

The process of planning and controlling how much time to spend on specific activities, aiming to increase efficiency or productivity.

Operational Plan

A detailed plan outlining the tactics an organization will use to achieve the targets and objectives set in its strategic plan.