What was this company's average collection period for 2013? At the beginning of 2013, Gonzales Acosta & Ngo (GAN) had accountsreceivable of $84,000. At the end of 2013, the company had accountsreceivable of $72,000. During 2013, GAN had total sales of $1,100,000,all of which were credit sales.What was this company's average collection period for 2013?

Step 1: Definition of Average Collection PeriodThe average collection period measures the average…

Answered: At the beginning of 2013, Gonzales…

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Chapter9: Accounting For Receivables

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Problem 12Q: Berry Farms has an accounts receivable balance at the end of 2018 of $425,650. The net credit sales...

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At the beginning of 2013, Gonzales Acosta & Ngo (GAN) had accounts receivable of $84,000. At the end of 2013, the company had accounts receivable of $72,000. During 2013, GAN had total sales of $1,100,000, all of which were credit sales. What was this company's average collection period for 2013?