It takes Carlson Corp 30 days on average to collect its accounts receivable The company began the year with $10,500 in accounts receivable Sales on credit for the year amounted to $150,000 Required Assuming 360 days in a year, determine the amount of Carlson 's accounts receivable at the end of the...

If it takes the company 30 days to collect its accounts receivable the accounts receiv ...

It takes Carlson Corp. 30 days on average to collect its accounts receivable. The company began the

Question:

It takes Carlson Corp. 30 days on average to collect its The company began the year with $10,500 in Sales on credit for the year amounted to $150,000.
Required
Assuming 360 days in a year, determine the amount of Carlson's at the end of the year.
Accounts Receivable
Accounts receivables are debts owed to your company, usually from sales on credit. Accounts receivable is business asset, the sum of the money owed to you by customers who haven’t paid.The standard procedure in business-to-business sales is that...