Question
9. a) Football Inc. has annual Total Sales of $2,000,000 with Credit Sales of $1,620,000 and an Accounts Receivable balance of $157,500. Calculate the average
9. a) Football Inc. has annual Total Sales of $2,000,000 with Credit Sales of $1,620,000 and an Accounts Receivable balance of $157,500. Calculate the average collection period (using 360 days in the year). b) Tennis Corp. has an average collection period of 50 days. The Accounts Receivable balance is $95,000. What is the value of credit Sales?
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The Organic Farmers Business Handbook A Complete Guide To Managing Finances Crops And Staff And Making A Profit
Authors: Richard Wiswall
1st Edition
1603581421, 978-1603581424
