Aspen Firs had an accounts receivable balance of $21,500 on its December 31, 20X4, balance sheet. Cash receipts for 20X5 show uncollected credit sales of $25,000 at the end of 20X5. Aspen is also budgeting $1,000,000 of credit sales in 20X5. What was the accounts receivable balance on the December 31, 20X5, budgeted balance sheet?

Xinhong company is considering replacing one of its manufacturing machines. the machine has a book value of $39,000 and a remaining useful life of 5 years, at which time its salvage value will be zero. it has a current market value of $49,000. variable manufacturing costs are $33,300 per year for this machine. information on two alternative replacement machines follows. alternative a alternative b cost $ 115,000 $ 117,000 variable manufacturing costs per year 22,900 10,100 1. calculate the total change in net income if alternative a and b is adopted. 2. should xinhong keep or replace its manufacturing machine