Rian Company had a target of twenty days for the collection cycle for the year 2014. If

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Rian Company had a target of twenty days for the collection cycle for the year 2014. If total sales had remained at $970,000, how much of the sales revenue would have needed to be cash sales for the company to meet the collection goal?

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Financial Management Core Concepts

ISBN: 978-0133866698

3rd edition

Authors: Raymond M Brooks

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Question Posted: Oct 31, 2017 08:22 AM

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Rian Company had a target of twenty days for the collection cycle for the year 2014. If

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Working backwards to find credit sales we have Collection Cycle ...View the full answer

Financial Management Core Concepts

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