Question

Jackie Chan is reviewing the total accounts receivable of his new department store in Hong Kong customers who paid with credit totaled $85,000 this month this represents 40% of our receivables do what is mr. Chan's total account receivable?

Answer 1

Mr. Chan's total account receivable is of $212,500.

Explanation:

$85,000 this month this represents 40% of our receivables

This means that 85000 is 40% = 0.4 of the receivables, which is x.

What is mr. Chan's total account receivable?

We have to find x

`0.4x = 85000`

`x = (85000)/(0.4)`

`x = 212500`

Mr. Chan's total account receivable is of $212,500.