Question
On January 1, Year Two, a company reports accounts receivable of $83,000. During Year Two, the company makes new credit sales of $511,000 while collecting
On January 1, Year Two, a company reports accounts receivable of $83,000. During Year Two, the company makes new credit sales of $511,000 while collecting cash of $437,000. No uncollectible accounts are expected or discovered. At the end of Year Two, how long does the average customer take to pay an account receivable balance?
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Cost Accounting Principles
Authors: Kinney Raiborn
14th Edition
9788131521069
