Question
Calculate the amount of accounts receivable based on sales level of $90,000, net income of $10,000 and an ACP of 54 days. (circle one answer):
Calculate the amount of accounts receivable based on sales level of $90,000, net income of $10,000 and an ACP of 54 days. (circle one answer):
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| a. | $13,500 |
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| b. | $1,667 |
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| c. | $1,500 |
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| d. | None of the above.
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Financial Accounting Tools for Business Decision Making
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso, Barbara Trenholm, Wayne Irvine
6th Canadian edition
1118644948, 978-1118805084, 1118805089, 978-1118644942
