Question
n 2021 Bramble Co. had credit sales of $ 2330000 and sales returns and allowances related to these sales of $ 156000. Its comparative balance
n 2021 Bramble Co. had credit sales of $ 2330000 and sales returns and allowances related to these sales of $ 156000. Its comparative balance sheet at December 31, 2021 showed the following:
| 2021 | 2020 | |||
| Accounts receivable | $ 837000 | $ 672000 | ||
| Less: Allowance for doubtful accounts | 68000 | 68000 | ||
| Carrying amount | $ 769000 | $ 604000 |
The companys average collection period for 2021 is (Round answers to 0 decimal places. Use 365 days for the calculation purpose.)
105 days.
115 days.
118 days.
127 days.
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Design Of Cost Management Systems
Authors: Robin Cooper, Robert S. Kaplan
2nd Edition
0135704170, 978-0135704172
