Hancock Medical Supply Co., which had no beginning balance in its Accounts Receivable and Allowance for Doubtful Accounts, earned $88,000 of revenue on account during Year 1. During Year 1, Hancock collected $69,600 of cash from its receivables accounts. The company estimates that it will be unable to collect 1% of revenue on account. The amount of net realizable value of receivables on the December 31, Year 1 balance sheet would be:

Solution:

1% x $88,000 = $880

That's the noncollectable estimate

$88,000 - $880 = $87,120

That's the approximate amount to be collected.

Since $69,600 has already been collected, that leaves $17,520

[ $87,120 -$69,600= $17,520 ]

This is realized but not taken into account.

The amount of net realizable value of receivables on the December 31, Year 1 balance sheet would be: $17,520

answer; (a) calling people who have not shown interest in the product and asking them to buy it;

answer: a. the kind of population living in your neighbourhood.

the census explorer data tool by the us census bureau allows the user to zoom in on any neighbourhood within the united states and find the kind of people residing in that by race and age.  

the tool needs to needs to be used twice – once in order to find what type of people reside in a neighbourhood, and then to see the age groups of the people in the same neighbourhood.