Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. at the end of 2017, marigold company has accounts

At the end of 2017, Marigold Company has accounts receivable of $862,800 and an allowance...

90.2K

Verified Solution

Question

Accounting

At the end of 2017, Marigold Company has accounts receivable of $862,800 and an allowance for doubtful accounts of $42,100. On January 16, 2018, Marigold Company determined that its receivable from Ramirez Company of $6,430 will not be collected, and management authorized its write-off.

What is the net realizable value of Marigold Companys accounts receivable after the write-off of the Ramirez receivable?

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Accounting
1.2K views

Gold Nest Company of Guandong, China, is a family-owned enterprise that makes birdcages for the South...

Biology
1.2K views

If you were at a feed store out and heard a farmer ask the clerk...

Physics
1.2K views

The figure shows two large closely placed parallel nonconducting sheets with identical positive uniform surface...

Physics
1.2K views

The intensity on the screen at a certain point in a double slit interference pattern...

Geometry
1.2K views

10 5 TT VE 10 0 5 is 5 X 10 A triangle on the...

Geometry
1.2K views

4 The measures of the exterior angles of a pentagon are x 3x 5x 7x...

Basic Math
1.2K views

A perfect gas enclosed by an insulated upright cylinder with a weightless piston on top...

Calculus
1.2K views

The graph of the function f x log x is stretched vertically by a factor...

Algebra
1.2K views

Which of the following is the appropriate way to name the line connecting points A...

Accounting
1.2K views

Q1 Q2 A company just starting business made...

Accounting
1.2K views

Katherine Brewer is the owner and operator of Go-For-It LLC, a motivational consulting business. At...

Accounting
1.2K views

Required information [The following information applies to the questions displayed below.] The following information is...