Assume a company's bad debt expense is $3,000, its ending allowance for doubtful accounts balance is $9.400, and its accounts receivable balance is $23,000. Given this information, what is the company's Net Realizable Value of Accounts Receivable? O $6,400 $13,600 $26.000 $20,000 Acorn Company reports year-end credit sales of $400,000 and accounts receivable of $150,000. Acorn uses the income statement method to report bad debt, estimating that 1% of credit sales will be uncollectible. What is the amount that will be recorded as Bad Debt Expense for the period? $2,500 $4,000 $5,500 $1,500 Assume a company has the following information: Note Receivable: $100,000 Interest Rate: 6% . Start date: June 1 Maturity date: December 31 Given this information, what is the amount of monthly interest revenue for the note? $106,000 $3,000 O $6,000 O $500 Assume a company has the following information: Note Receivable: $100,000 Interest Rate: 6% Issue Date: October 1, Year 1 Year-end: December 31, Year 1 . Maturity Date: January 31, Year 2 What will be included in the journal entry on the note's maturity date O Acredit to Interest Revenue of $2,000 O A debit to Cash of $100,000 O A debit to Interest Revenue of $2,000 O A debit to Cash of $102,000 What does a lower accounts receivable turnover ratio indicate? O A company is more profitable on its sales O A company is struggling to collect cash from receivables. A company collects its receivables in a smaller number of days O A company is efficient at collecting cash from credit sales