A company has net sales on account of $ 1,750,000. Net accounts receivable at the beginning of

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A company has net sales on account of $ 1,750,000. Net accounts receivable at the beginning of the year are $147000 and at the end of the year are $153000. The days' sales in average receivables are:
A) 3067.
8) 31.28.
C) 32.02.
D) 365.0.
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...
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Managerial Accounting

ISBN: 9781260247787

17th Edition

Authors: Ray Garrison, Eric Noreen, Peter Brewer

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