Question
Pharoah Company's average collection period is 54 days and its average accounts receivable are $604000. What is the estimated amount of Pharoah Company's net credit
Pharoah Company's average collection period is 54 days and its average accounts receivable are $604000. What is the estimated amount of Pharoah Company's net credit sales for the period? (Use 365 days for calculation. Round turnover to 1 decimal place, e.g. 12.5.) $4107200. $85917. $4228000. O $88824.
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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
5th Canadian edition
978-1118024492
