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Assume that 5% is imposed as Bad Debts for the Accounts Receivable of P5,000,000: Company Policy. Average Days 20% Less than 30 days......... 31 days to 60 days......... 61 days to 90 days......... Over 90 days .25% .35% .15% How much is the Daily Sales Outstanding? 24.50 days 58 days 62 days 245 days 20 55 70 100

Assume that 5% is imposed as Bad Debts for the Accounts Receivable of P5,000,000: Company Policy. Average Days 20% Less than 30 days......... 31 days to 60 days......... 61 days to 90 days......... Over 90 days .25% .35% .15% How much is the Daily Sales Outstanding? 24.50 days 58 days 62 days 245 days 20 55 70 100

FINANCIAL ACCOUNTING
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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Assume that 5% is imposed as Bad Debts for the Accounts Receivable of P5,000,000: Company Policy. Average Days 20 Less than 30 days.. 31 days to 60 days. 61 days to 90 days.... Over 90 days ..20% .25% .35% 15% How much is the Daily Sales Outstanding? 24.50 days 58 days 62 days 245 days 55 70 100
Transcribed Image Text:Assume that 5% is imposed as Bad Debts for the Accounts Receivable of P5,000,000: Company Policy. Average Days 20 Less than 30 days.. 31 days to 60 days. 61 days to 90 days.... Over 90 days ..20% .25% .35% 15% How much is the Daily Sales Outstanding? 24.50 days 58 days 62 days 245 days 55 70 100
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