Chez fred bakery estimates the allowance for uncollectible accounts at 3% of the ending balance of accounts receivable. during 2013, chez fred's credit sales and collections were $120,000 and $143,000, respectively. what was the balance of accounts receivables on january 1, 2013, if $150 in accounts receivable were written off during 2013 and if the allowance account had a balance of $990 on december 31, 2013?

$43,000.
$840.
$56,150.
none of the above is correct.

Dyed-denim corporation is seeking to lower the costs of value creation and achieve a low-cost position. as a result, it plans to move its manufacturing plant from the u.s. to thailand, which based on company research, is the optimal location for production. this strategic move will most likely allow the company to realize

Capital financial corporation will lend 90 percent against account balances that have averaged 30 days or less; 80 percent for account balances between 31 and 40 days; and 70 percent for account balances between 41 and 45 days. customers that take over 45 days to pay their bills are not considered acceptable accounts for a loan. the current prime rate is 16.50 percent, and capital charges 3.50 percent over prime to charming as its annual loan rate. a. determine the maximum loan for which charming paper company could qualify.

The brs corporation makes collections on sales according to the following schedule: 30% in month of sale 66% in month following sale 4% in second month following sale the following sales have been budgeted: sales april $ 130,000 may $ 150,000 june $ 140,000 budgeted cash collections in june would be: