Jim debt was reviewing the total accounts receivable. this month he received $80,000 from credit customers. this represented 40% of all receivables due. the total amount of accounts receivable is: $230,000. none of these. $320,000. $200,000. $500,000.

Computing depreciation, net book value, and gain or loss on asset sale lynch company owns and operates a delivery van that originally cost $46,400. lynch has recorded straight-line depreciation on the van for four years, calculated assuming a $5,000 expected salvage value at the end of its estimated six-year useful life. depreciation was last recorded at the end of the fourth year, at which time lynch disposes of this van. compute the net bookvalue of the van on the disposal date.

Abank has $132,000 in excess reserves and the required reserve ratio is 11 percent. this means the bank could have in checkable deposit liabilities and in (total) reserves.

What are the uses of national income data