Darla's Cosmetics had annual credit sales of $1,003,750 and an average collection period of 36 days in
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Darla's Cosmetics had annual credit sales of $1,003,750 and an average collection period of 36 days in 2015. What was the company's average accounts receivable balance?
Accounts ReceivableAccounts 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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Foundations of Financial Management
ISBN: 978-1259024979
10th Canadian edition
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen, Doug Short, Michael Perretta
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