Zephyr Sewing Machine Company Makes Many of Its Sales on Account.For

question 47

Essay

Zephyr Sewing Machine Company makes many of its sales on account.For 2012,its beginning balance in Accounts Receivable was $91,000.Sales on account for the year were $412,000,and the amount of cash collected from its accounts receivable was $394,950.During the year,uncollectible accounts of $4,050 were written off.What was the ending balance in Accounts Receivable?

---

Definitions:

Opportunity Recognition

The process of identifying and evaluating new possibilities for business ventures or expansion in the market.

Social Entrepreneurship

The practice of starting companies and initiatives with the aim to develop, fund, and implement solutions to social, cultural, or environmental issues.

Entrepreneurial Ventures

Initiatives or businesses started by individuals to seek, develop, and capitalize on new market opportunities, often involving innovative products or services.

Nonprofit Organizations

Entities that operate for purposes other than generating profit, often focusing on social, educational, or charitable activities.