A company has sales of $3 million and 10 percent of sales are cash. The accounts receivable

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A company has sales of $3 million and 10 percent of sales are cash. The accounts receivable balance at the end of the year is $285,000. What are days sales pending (DSO) using a 360-day year instead of a 365-day year?

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Cost Accounting Foundations and Evolutions

ISBN: 978-1111626822

8th Edition

Authors: Michael R. Kinney, Cecily A. Raiborn

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Posted Date: May 25, 2023 05:43 AM

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A company has sales of $3 million and 10 percent of sales are cash. The accounts receivable

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To calculate the Days Sales Outstanding DSO we need to determine the average accounts receivable bal... View the full answer

Cost Accounting Foundations and Evolutions

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