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3 years ago

Assuming Year 2 net credit sales totaled $122,000, what was the company's average days to collect receivables

Business

1 answer:

Montano1993 [528]3 years ago

4 0

Answer:

44.88 days

Explanation:

Note: The full question is attached

Average amount of accounts receivables = ($16,000+$14,000)/2

Average amount of accounts receivables = $15,000

Average days to collect receivables = Days * AR / Credit sales

= 365 * $15,000 / $122,000

= 44.87704918032787 days

= 44.88 days

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True

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3 years ago

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Marianna [84]

Answer:

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2 years ago

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Answer:

Explanation:

The adjusting entries are shown below:

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3 years ago

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Quality is a judgment of how exceptional something or a person is. An example of best is a product that might not ruin without problems. An example of nice is a nicely-made product. diploma or grade of excellence.

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1 year ago

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Lapatulllka [165]

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3 years ago