Get correct answer accounting questions A business's debtors on April 1 total $15,000. During April,the business receives $9,000 from its debtors, and the totalof debtors on April 30 is $19,000. What must the credit salesfor the month have been?

Step 1: Definition of Credit SalesCredit sales for a given period can be determined using the…

Answered: A business's debtors on April 1 total…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter7: Budgeting

Section: Chapter Questions

Problem 9PA: Fitbands estimated sales are: What are the balances in accounts receivable for January, February,...

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Calculate the average collection period in days ?
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The following information relates to LoGo Corporation: Accounts payable $650,000 Credit purchases $21,000,000 Accounts receivable $2,100,000 What is LoGo's payables deferral period (DPO)? In your computations, assume there are 360 days in the year.

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A business's debtors on April 1 total $15,000. During April, the business receives $9,000 from its debtors, and the total of debtors on April 30 is $19,000. What must the credit sales for the month have been?