[The Following Information Applies to the Questions Displayed Below

question 57

Multiple Choice

[The following information applies to the questions displayed below.]

The Miller Company earned $190,000 of revenue on account during Year 1. There was no beginning balance in the accounts receivable and allowance accounts. During Year 1, Miller collected $136,000 of cash from its receivables accounts. The company estimates that it will be unable to collect 3% of its sales on account.


-What is the net realizable value of Miller's receivables at the end of Year 1?

• A)$54,000
• B)$49,920
• C)$59,700
• D)$48,300

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Definitions:

Mirroring

Form of nonverbal communication to overcome communication barriers by subtly imitating another; used to improve rapport with another person.

Appearance

The way that someone or something looks to other people, encompassing aspects like clothing, cleanliness, and style.

Subtle Manner

A way of doing things that is not obvious or direct but still effectively communicates the intended message.

Mixed Signal

Behavior or communication that seems contradictory or unclear, making it difficult to understand the person's intentions or feelings.