10. The following information is used by ABC Company to calculate the accounts receivable on its balance sheet

i. The total revenue from selling products to customers in the current period is $150000, and the accounting period is 30 days

ii. Sales of products to a customer in the current period and receipt of a $25000 commercial paper with a maturity of 180 days

iii. The balance of commercial receivables at the end of the previous period is $300000

iv. The amount of business receivables recovered in the current period is $200000

v. The rent recognized by XYZ Company for using the Company's equipment in the current period is $2000, and the rental income has not been recovered.

On the balance sheet, the amount of current accounts receivable to be reported is

a.$250,000

b.$252,000

c.$275,000

d.$277,000

11. According to the industry average, ABC Company expects its bad debt rate to be 3% of the amount of credit sales. In the third year, the beginning balance of ABC Company's bad debt reserves is $140000. In the current period, ABC Company's credit sales amount is $10,000,000, and it is determined that $100,000 cannot be recovered. In addition, $20,000 of bad debts previously written off are recovered in the current period. At the end of the third year, when ABC Company recognizes bad debt expenses, the credit amount of "bad debt provision" should be

a. $300,000

b. $260,000

c. $240,000

d. $160,000

12. Data of unit inventory are as follows:

Sales Price $22

Cost of sales $2

Normal gross margin $5

Replacement cost $10

If the lower of cost and market price method is used, the market price of unit inventory shall be

a.$10

b.$15

c.$17.5

d.$20

(no need explanation)