Answered: 500, beginning accounts receivable of…

Name: 18. A company had net sales of $31,500, beginning accounts receivable
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Description: 18. A company had net sales of $31,500, beginning accounts receivable of $3,100 and ending accounts receivable of $2,300 for the current period. Its days' sales uncollected is equal to: A. 11.7 daysB. 23.3 daysC. 31.3 daysD. 42.5 days

Business

Accounting

500, beginning accounts receivable of $3,100 and ending accounts receivable of $2,300 for the current period. Its days' sales uncollected is equal to: A. 11.7 daysB. 23.3 daysC. 31.3 daysD. 42.5 days

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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