Fava Supply Company sells its product at $18 per unit.  In the previous period, it sold 1,120 units on credit.  It estimated that 22% of its accounts receivable would prove uncollectible.  After adjusting for uncollectible accounts, what is the net realizable value of accounts receivable?

Answer rating: 100% (QA)

To calculate the net realizable value of accounts receivable we must subtract the estimated uncollec... View the full answer