Question

Jim Debt was reviewing the total accounts receivable. This month he received $80,000 from Credit customers. This represented 40 percent of all receivables due. The total amount of accounts receivable is

Answer 1

let total receivables be = $ x
40% of x = 80000
means

40
---- * x = 80000
100
80000 * 100
x = -------------- = 200000
40

Total receivables = $ 200000