Samuel, Inc. has Accounts Receivable of $150,000 and an Allowance for Doubtful Accounts of $13,000. If it writes-off a customer account balance of $1,300, what is the amount of its net accounts receivable

$135,700

Explanation:

The Accounts Receivable are shown in the Balance Sheet at the amount that is expected to be collected by the entity from its customers - thus providing for a Faith Representation of Financial Statements. This will be after the Allowance for Doubtful Accounts and any amounts Written Off are Deducted.

Accounts Receivable Balance = $150,000 - $13,000 - $1,300

                                                  = $135,700

the investment was $14,174.196

explanation:

a lump sum means that the father of the example made one deposit and leave it be.

we need to know the value of a capital that generated at 4.05% per year during 28 years the sum of $48,613.24

now clearing the formula to solve for capital we got:

and we reach the answer investment = $14,174.20