Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. blaney clothing store had a balance in the account

Blaney Clothing Store had a balance in the Accounts Receivable account of $437,500 at the...

80.2K

Verified Solution

Question

Accounting

Blaney Clothing Store had a balance in the Accounts Receivable account of $437,500 at the beginning of the year and a balance of $500,000 at the end of the year. Net credit sales during the year amounted to $3,000,000. The average collection period of the receivables in terms of days was?

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

Chemistry
1.2K views

The bond angles around the central atom in each structure are slightly different, however. The H-C-H...

Biology
1.2K views

Please answer the following questions below: Read each of the examples below, and indicate which is...

Biology
1.2K views

what should I eat in a full 3 meal day and can include snacks that I...

Advance Math
1.2K views

Consider a single server system with a limit of 3 jobs (an M/M/1/3 system). Let ?...

Biology
1.2K views

Look at the two DNA strands below The bottom strand has undergone a mutation What...

Biology
1.2K views

Oxygen rich blood flows through the heart O by entering the right atrium and continuing...

Calculus
1.2K views

onsider the following function tep 1 of 2 Determine the more basic function that has...

Algebra
1.2K views

Solve 8 sin n 7x x 3 for the four smallest positive solution

Algebra
1.2K views

Write a direct variation equation for the graph that passes through the point

Accounting
1.2K views

actual manufacturing overhead. The finished goods inventory balance at the end of June...

Finance
1.2K views

Intro A corporate bond has 20 years to maturity, a face value of $1,000, a...

Accounting
1.2K views

Employers are authorized to collect employee Social Insurance Numbers for which of the following uses?...