Mel Rickter is reviewing the total accounts receivable This

Mel Rickter is reviewing the total accounts receivable. This month, he received $45,000 from credit customers. This represented 25% of all receivables due. What is the total amount of Mel Rickter\'s accounts receivable?

Solution

Mel Rickter is reviewing the total accounts receivable. This month, he received $45,000 from credit customers. This represented 25% of all receivables due. What is the total amount of Mel Rickter\'s accounts receivable?

25% amount=45000

Total amount = (100*45000)/25 =180000

Total amount of Mel Rickter\'s accounts receivable =$180000