At year-end, Lumen Corp. has accounts receivable of $250,000and total credit sales of $1,825,000 during the year.What are the accounts receivable days outstanding as of year-end? (Assume 365 days)

Step 1: Definition of Accounts Receivable Days OutstandingAccounts Receivable Days Outstanding (also…

Answered: At year-end, Lumen Corp. has accounts…

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter9: Accounting For Receivables

Section: Chapter Questions

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 year-end, Lumen Corp. has accounts receivable of $250,000 and total credit sales of $1,825,000 during the year. What are the accounts receivable days outstanding as of year- end? (Assume 365 days)