During 2022 Wildhorse Co. had sales on account of $770000, cash sales of $303000, and collections on account of $515000. In addition, they collected $8000 which had been written off as uncollectible in 2021. As a result of these transactions the change in the accounts receivable indicates a

The answer is $770,000 - $515,000 = $255,000

Explanation: The change in accounts receivable relates to the transactions that affect accounts receivable. In the question, sales on account of $770,000 represents accounts receivables but cash sales of $303,000 does not impact accounts receivable. Collections of $515,000 would cause a reduction in accounts receivable while $8,000 collected that was previously written off would not - it would also impact cash and bad debt recovery. So the only things affecting accounts receivable are: sales on account of $770,000 minus the collections on account of $515,000 leading to $255,000 balance in accounts receivable account.

c

explanation:

hi : ) i found this so i hope this !

"we first find value of tax in dollars.

the difference between the two prices   is: 23. 54 - 22 = 1.54

therefore the sales tax in dollars is 1.54

the tax % will be   (amount of tax / original cost price ) × 100

(1.54 / 22) × 100  → (0.07) × 100 =   7

so the tax rate is 7%

we can double check the answer.

7 % of 22   → (7/100) × 22 → 0.07 × 22 = 1.54

22 + 1.54 = 23.54"