All Star Auto Has an Accounts Receivable Balance After Posting

question 134

Multiple Choice

All Star Auto has an accounts receivable balance after posting net collections from customers for 2012 of $180,000.The customers took advantage of sales discounts of $15,000.Management aged the accounts receivable and estimate for uncollected account percentages as follows: $\begin{array}{ll}\$ 90,000 & \text { Current at } 2 \% \\\$ 50,000 & 1-30 \text { days past che at } 5 \% \\\$ 30,000 & 31-60 \text { days past due at } 10 \% \\\$ 10,000 & 60+\text { days past due at } 25 \%\end{array}$ The net realizable value of the accounts receivable is

• A)$173,200
• B)$170,200
• C)$172,700
• D)$180,000

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Definitions:

Triphosphate Group

A triphosphate group consists of a molecule containing three phosphate groups, and it's most commonly associated with adenosine triphosphate (ATP), which is a primary energy carrier in cells.

Nucleotide

Organic molecules that serve as the monomers of nucleic acids like DNA and RNA, composed of a nitrogenous base, a five-carbon sugar, and one or more phosphate groups.

mRNA

Messenger RNA, a type of RNA that carries instructions from DNA in the nucleus to the ribosome, where proteins are synthesized.

5′ Cap

A modified form of guanine nucleotide added to the 5′ end of eukaryotic mRNA, important for mRNA stability and initiation of translation.