Question
Vaughn Manufacturing had a balance in the Accounts Receivable account of $815000 at the beginning of the year and a balance of $925000 at the
Vaughn Manufacturing had a balance in the Accounts Receivable account of $815000 at the beginning of the year and a balance of $925000 at the end of the year. Net credit sales during the year amounted to $8062000.
Find the average collection period of the receivables in terms of days.
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Cost-Benefit Analysis Concepts and Practice
Authors: Anthony E. Boardman, David H. Greenberg, Aidan R. Vining, David L. Weimer
5th edition
1108401295, 9781108415996, 1108415997, 978-1108401296
