None Problem 9-15A firm has no cash sales (all sales are on credit and are collected 33 days after the sale). If the receivables are $109,000, what is the level of sales?Assume there are 365 days in a year. Round your answer to the nearest dollar.$

Computation of level of sales as follows:Computation of Level of SalesSales=Receivables/Average…

Answered: Problem 9-15 A firm has no cash sales…

Principles Of Marketing

17th Edition

ISBN:9780134492513

Author:Kotler, Philip, Armstrong, Gary (gary M.)

Publisher:Kotler, Philip, Armstrong, Gary (gary M.)

Chapter1: Marketing: Creating Customer Value And Engagement

Section: Chapter Questions

Problem 1.1DQ

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Problem 9-15 A firm has no cash sales (all sales are on credit and are collected 33 days after the sale). If the receivables are $109,000, what is the level of sales? Assume there are 365 days in a year. Round your answer to the nearest dollar. $