Chocolate Cup Cakes sells $7,500 of its cakes on credit on a daily basis.Because CCC deals with

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Chocolate Cup Cakes sells $7,500 of its cakes on credit on a daily basis.Because CCC deals with astroniks, it takes 75 days to collect its A/R.

What is the average A/R that is reported on CCC's balance sheet?

What is CCC's A/R turnover (using a 360 day year)?

Posted Date: May 18, 2024 07:08 PM

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Chocolate Cup Cakes sells $7,500 of its cakes on credit on a daily basis.Because CCC deals with

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