Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. 6-77 average collection period consider the follow

6-77 Average Collection Period Consider the following: 20X3 20X2 20X1 Sales $2,000,000 $2,500,000 $2,400,000 December...

50.1K

Verified Solution

Question

Accounting

6-77 Average Collection Period Consider the following: 20X3 20X2 20X1 Sales $2,000,000 $2,500,000 $2,400,000 December 31 20X3 20X2 20X1 Accounts receivable $ 170,000 $ 190,000 $ 180,000 Of the total sales, 70% are on account. Compute the days to collect accounts receivable for the years 20X2 and 20X3. Comment on the results

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Statistics
1.2K views

Suppose the heights of adult women follow a normal distribution with a mean of 65.5 inches...

Chemistry
1.2K views

A. Look up and report Kf for copper(II), iron(II), and iron(III) with EDTA. Cite your reference(s)....

Psychology
1.2K views

Justification defenses claim a kind of moral high ground. They may be offered by people who...

Basic Math
1.2K views

3 7 5 7 8 Type a response 9 Elisha wants to buy book marks...

Basic Math
1.2K views

Use the law of sines to solve the given problem.The loading ramp at a delivery...

Statistics
1.2K views

When you increase the sample size the confidence interval increases decreases O remains the same...

Statistics
1.2K views

For the following scatter plots determine the correlation if any If there is a correlation...

Algebra
1.2K views

Determine which group is the population and which is the sample.Female diabetics between the ages...

Algebra
1.2K views

Use the factor theorem and synthetic division to decide whether the second polynomial is a...

Accounting
1.2K views

Company A paid off $500 it owed Company C in period...

Accounting
1.2K views

On January 1,2024, Rupar Retailers purchased $130,000 of Anand Company bonds at a...

Accounting
1.2K views

i need help \$200 each in Fobruary. All sales are cash...