A Company Has the Following Balances on December 31,2015,after Year-End

question 100

Short Answer

A company has the following balances on December 31,2015,after year-end adjustments: Accounts Receivable = $62,000;Allowance for Uncollectible Accounts = $6,000.Calculate the net realizable value of accounts receivable.

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Definitions:

Cosmetics Company

A business specializing in the production and sale of beauty and personal care products, such as makeup, skincare, and fragrances.

Prospecting Method

Techniques or strategies used to identify potential customers or clients for a business, aiming to initiate and establish new business opportunities.

E-mail Marketing

A technique of sending commercial messages to a group of people using electronic mail, aimed at promoting products or services.

Potential Contacts

Individuals or entities that could possibly be converted into clients or customers, identified through research or networking as having an interest or need for a product or service.