Question
The debtors collection period of JK limited for 2023 is expected to be 36.5 days and the creditors payment period is estimated to be 73
The debtors collection period of JK limited for 2023 is expected to be 36.5 days and the creditors payment period is estimated to be 73 days. The accounts receivable balance on 31 December 2023 is expected to be R108 000. How much are the budgeted credit sales?
A. R1 080 000
B. R3 942 000
C. R540 000
D. R7 884 000
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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
7th Canadian edition
1119368456, 978-1119211587, 1119211581, 978-1119320623, 978-1119368458
