What Would Be the Account Balance in the Accounts Receivable

question 148

Multiple Choice

What would be the account balance in the accounts receivable ledger account after the following transactions?
$\begin{array}{|l|l|}\hline \text { Performed services and left a bill } & \$ 4,200 \\\hline \text { Performed services and collected immediately } & \$ 3,500 \\\hline \text { Performed services and billed customer } & \$ 2,200 \\\hline \text { Performed services on account } & \$ 6,000 \\\hline \text { Received partial payment on account } & \$ 1,500\\\hline\end{array}$

• A)$17,400
• B)$10,900
• C)$14,400
• D)$ 4,500
• E)$ 2,000

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Definitions:

NPV

Net Present Value, a financial metric used to evaluate the profitability of an investment by calculating the present value of expected future cash flows.

Yen Investments

Investments denominated in Japanese yen, can involve securities, bonds, or other financial instruments within the Japanese market.

Home Currency Approach

A method used in international finance to evaluate investments by converting all values to one's own currency.

NPV

Net Present Value, a method used in capital budgeting to evaluate the profitability of an investment or project by calculating the difference between the present value of cash inflows and outflows.