ecure https//www.m.ath l.com/Sudent/Player Test.asptestld 1863930818centerwin ye

Question

ecure https//www.m.ath l.com/Sudent/Player Test.asptestld 1863930818centerwin yes CG 2021- 1024 Online (550) Murphy Bismark Barrgce 1 9/16/18 12:15 uiz: Chapter 8 Exanm Time Remaining: 00.48:49 Submt c his Question: 6 pls 11 of 11 (4 This Quiz: 100 pls pos vervie, question 11 of 11, 4 complete E Question Help A company has net credit sales of $1,200,000, beginning net accounts recelvable of $300,000, and ening net accounts receivable of $201,000. What is the days sakes in accouns recelvable? (Round any inneomediate calculations to two decimal places, and your final ancwer to the nearest whole day) O A. 61 days OB. 152 days C. 76days O D. 91 days Click to select your answer 5 6 8 9

Explanation / Answer

Answer C is correct 76 Days Working as below Account receivable days (Average account receivable/Net credit sale)*no of days in year Average Account receivable Beginning Account receivable +Closing account receivable)/2 Average Account receivable (300000+201000)/2 Average Account receivable                  250,500 Account receivable days (250500/1200000)*365 Account receivable days 76

Related Questions

Navigate

• Browse (All)
• Browse E
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.