g At December 1, 2022, Orear Company's Accounts Receivable balance was $16,800. During December, Orear had credit sales of $45,000 and collected accounts receivable of $36,000. At December 31, 2022, the Accounts Receivable balance is

"$25,800" is the appropriate answer.

Explanation:

Given:

Credit sales,

= $45,000

Beginning balance,

= $16,800

Collections,

= $36,000

now,

The accounts receivable balance will be:

=

On putting the values, we get

=

=

= ($)

month 1 start amount =$3287.90 interest=(3287.90x0.0145/12)3.97 total to pay=$3291.81 paid =$1200 balance =$2,091.87

month 2 starting amount= $2,091.87 interest =$25.28 total to pay =$2117.15 paid =$1200 balance $917.15

month 3 starting amount =$917.15 interest =$11.08 total to pay =$928.23 paid =$928.23 balance =$0 total to pay 1200+1200+928.23 = $3328.23 it will take 3 months to pay a total of $3328.23

answer; rapid growth in buyer demand and high buyer switching cost;