The cost of a product is 30% of the selling price, and the carrying cost is 12%
Fantastic news! We've Found the answer you've been seeking!
Question:
The cost of a product is 30% of the selling price, and the carrying cost is 12% of the selling price. On the average, accounts are paid 90 days after the sale date. Sales average 30,000 per month. What is your accounts receivable for this product.
Expert Answer:
Answer To calculate the accounts receivable for this product we need to consider the average sales p... View the full answer
Related Book For 
College Accounting A Practical Approach
ISBN: 978-0132564441
11th Canadian Edition
Authors: Jeffrey Slater, Brian Zwicker
Posted Date:
