Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Oriole Company's average collection period is 5 5 days and its average accounts receivable are $ 6 0 1 4 0 0 . What is

Oriole Company's average collection period is 55 days and its average accounts receivable are $601400. What is the estimated amount of Oriole Company's net credit sales for the period? (Use 365 days for calculation. Round turnover to 1 declmal ploce, e.g.12.5.)
$88053.
$3969240.
$4089520.
$91121.
image text in transcribed

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Front Office Operations And Auditing Workbook

Authors: Patrick J. Moreo, Gail Sammons, Jeff Beck

2nd Edition

0130324930, 978-0130324931

More Books

Students also viewed these Accounting questions

Question

Explain the importance of Human Resource Management

Answered: 1 week ago

Question

Discuss the scope of Human Resource Management

Answered: 1 week ago

Question

Discuss the different types of leadership

Answered: 1 week ago

Question

Write a note on Organisation manuals

Answered: 1 week ago