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Calculate the receivables net realizable value at year end

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Question - Your Company earned $420,000 of revenue on account and $100,000 of cash sales during the year. It collected $250,000 of its receivables during the year. There was no beginning balance in the accounts receivable and allowance accounts. The company estimates that it will be unable to collect 2% of its sales on account. Calculate the receivables net realizable value at year end.

A. $411,600

B. $159,600

C. $166,600

D. $161,600

E. $178,400

Reference no: EM132429722

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