The following information is related to december 31, 2016 balances.

•

accounts receivable

$159

•

allowance for doubtful accounts (credit)

(103000)

•

cash realizable value

112

during 2017 sales on account were $373000 and collections on account were $212000. also, during 2017 the company wrote off $20600 in uncollectible accounts. an analysis of outstanding receivable accounts at year end indicated that bad debts should be estimated at $144000. the change in the cash realizable value from the balance at 12/31/16 to 12/31/17 was:

$512400 increase.

$489000 increase.

$487000 increase.

$466400 increase.

$466400 increase.

Explanation:

During 2017,

Sales on account                       $373,000

Collections on account             $212,000

Accounts receivable increased   $161,000

The company wrote off $20,600 in uncollectible accounts, Accounts receivable decreased $20,600

Accounts receivable balance at the end of 2017:

$1,590,000 + $161,000 - $20,600 = $1,730,400

The cash realizable value is the amount of money the company expects to receive from your accounts receivable after deducting the uncollectable amount.

At the end of 2017,

An analysis of outstanding receivable accounts indicated that bad debts should be estimated at $144,000. So, the uncollectable amount was $144,000

The cash realizable value = $1,730,400 - $144,000 = $1,586,400

From at 12/31/16 to 12/31/17, the balance of The cash realizable value increased: $1,586,400 - $1,120,000 = $466,400

muslims control the north africa during the period of 1500 up

to 1800. they made a barrier to prevent further european exploration from

entering the africa from the north. however, the dutch ware still able to move

toward the interior with having south africa as one of the routes leading to

the east for trading with asia.

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