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Nick Brenkacs Corporation sells its product at $65 per unit. In the previous period, it sold 850 units on credit and another 50 units for
Nick Brenkacs Corporation sells its product at $65 per unit. In the previous period, it sold 850 units on credit and another 50 units for cash. It estimated that 10% of its accounts receivable would prove uncollectible. What is the net realizable value of accounts receivable?
Question options:
$52,000
$52,975
$49,400
$52,650
$49,725
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