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What is the net realizable value of receivables

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Question - Zinc Company uses the percent of 7 sales method for estimating bad debts expense. The company's bad debt expense is normally 5% of net credit sales which were $650,000 for the year. Dunng the year $6,000 was written off. The Allowance for Bad Debts account had a beginning credit balance of $1,600. What is the net realizable value of receivables if Accounts Receivable has a balance of $360,000?

Reference no: EM133189326

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