Question
The cost of a product is 30% of the selling price, and the carrying cost is 12% of the selling price. On the average, accounts
The cost of a product is 30% of the selling price, and the carrying cost is 12% of the selling price. On the average, accounts are paid 90 days after the sale date. Sales average 30,000 per month. What is your accounts receivable for this product.
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Answer To calculate the accounts receivable for this product we need to consider the average sales p...
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College Accounting A Practical Approach
Authors: Jeffrey Slater, Brian Zwicker
11th Canadian Edition
132564440, 978-0132564441
