Spirit of the Suwannee Craft Store had a balance in the Accounts Receivable account of...
90.2K
Verified Solution
Link Copied!
Question
Accounting
Spirit of the Suwannee Craft Store had a balance in the Accounts Receivable account of $437,500 at the on January 1, 2019 and a balance of $500,000 on Dec 31, 2019. Net credit sales for 2019 amounted to $3,500,000. The average collection period of the receivables in terms of days was Select one: a. 45.6 days b. 48.6 days c. 99 days d. 57 days
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!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Best
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.