Prall Corporation sells its goods on terms of 2/10, n/30. It has an accounts receivable turnover of

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Prall Corporation sells its goods on terms of 2/10, n/30. It has an accounts receivable turnover of 7.

What is its average college period (days)?

(a) 2,555.

(b) 30.

(c) 52.

(d) 210.

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Financial Accounting

ISBN: 9781119298229,9781119305842

10th Edition

Authors: Jerry J. Weygandt , Donald E. Kieso , Paul D. Kimmel

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Question Posted: Feb 11, 2024 05:04 AM

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Prall Corporation sells its goods on terms of 2/10, n/30. It has an accounts receivable turnover of

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c Average collection peri...View the full answer

Financial Accounting

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