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Volgvan
3 years ago
13

A budget that is based on the actual activity of a period is known as a:__________.

Business
1 answer:
mash [69]3 years ago
8 0

Answer:

A

Explanation:

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

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Note: The full question is attached

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

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

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

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Which method of bond amortization amortizes the premiums/discounts accurately and is considered a conceptually superior method
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