Question

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.

Answer 1

200,000 have to find what 10 percent is and multiply that by 10

Answer 2

Answer:

$200,000

Explanation:

If Jim received $80,000 from credit customers and this amount is 40% of all receivable dues, the total amount of account receivable can be gotten using the equation;

40% of x = $80,000 where;

x is the total amount receivable

40/100 of x = $80,000

x = $80,000×100/40

x = $8,000,000/40

x = $200,000

This means that the total amount of account receivable is $200,000