Question
The current asset section of the Moorcroft Outboard Motor Companys balance sheet reported the following amounts: 12/31/2021 12/31/2020 Accounts receivable, net $ 530,000 $ 430,000
The current asset section of the Moorcroft Outboard Motor Companys balance sheet reported the following amounts:
| 12/31/2021 | 12/31/2020 | |||||
| Accounts receivable, net | $ | 530,000 | $ | 430,000 | ||
The average collection period for 2021 is 50 days. Required: Determine net sales for 2021
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Management Accounting Information for Decision-Making and Strategy Execution
Authors: Anthony A. Atkinson, Robert S. Kaplan, Ella Mae Matsumura, S. Mark Young
6th Edition
137024975, 978-0137024971
