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OA. 19.75 days OB. 23.4 days OC. 30 days OD. 45 days

OA. 19.75 days OB. 23.4 days OC. 30 days OD. 45 days

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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OA. 19.75 days B. 23.4 days OC. 30 days OD. 45 days
Transcribed Image Text:OA. 19.75 days B. 23.4 days OC. 30 days OD. 45 days
Use the table below to answer the following questions about the Jetton Company. Monthly Sales for the Jetton Company Sales (%) Cash Sales (%) Credit sales received when due in 30 days. January 150,000 18% 75% February 180,000 26% 7% 70% March 130,000 24% 4% 64% (%) Credit sales received late in 60 days. Refer to the Monthly Sales for the Jetton Company. What is the average number of days to collect February sales for the Jetton Company? April 170,000 19% 12% 70% 11%
Transcribed Image Text:Use the table below to answer the following questions about the Jetton Company. Monthly Sales for the Jetton Company Sales (%) Cash Sales (%) Credit sales received when due in 30 days. January 150,000 18% 75% February 180,000 26% 7% 70% March 130,000 24% 4% 64% (%) Credit sales received late in 60 days. Refer to the Monthly Sales for the Jetton Company. What is the average number of days to collect February sales for the Jetton Company? April 170,000 19% 12% 70% 11%
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