Homework Help is Here – Start Your Trial Now!
Business
Accounting
Regal Enterprises has provided the following information: Total Sales $1,450,000 Beginning Net Accounts $58,000 Receivable Ending Net Accounts Receivable $70,500 Sales Returns and Allowances $125,000 What was Regal Enterprises' average collection period?

Regal Enterprises has provided the following information: Total Sales $1,450,000 Beginning Net Accounts $58,000 Receivable Ending Net Accounts Receivable $70,500 Sales Returns and Allowances $125,000 What was Regal Enterprises' average collection period?

Principles of Accounting Volume 1
Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter6: Merchandising Transactions
Section: Chapter Questions
Problem 22Q: The following is select account information for August Sundries. Sales: $850,360; Sales Returns and...
See similar textbooks
icon
Related questions
Question
100%

What was regal enterprises average collection period?

Regal Enterprises has provided the following information: Total Sales $1,450,000 Beginning Net Accounts $58,000 Receivable Ending Net Accounts Receivable $70,500 Sales Returns and Allowances $125,000 What was Regal Enterprises' average collection period?
Transcribed Image Text:Regal Enterprises has provided the following information: Total Sales $1,450,000 Beginning Net Accounts $58,000 Receivable Ending Net Accounts Receivable $70,500 Sales Returns and Allowances $125,000 What was Regal Enterprises' average collection period?
Expert Solution
steps

Step by step

Solved in 2 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Principles of Accounting Volume 1
Principles of Accounting Volume 1
Accounting
ISBN:
9781947172685
Author:
OpenStax
Publisher:
OpenStax College
Managerial Accounting: The Cornerstone of Busines…
Managerial Accounting: The Cornerstone of Busines…
Accounting
ISBN:
9781337115773
Author:
Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:
Cengage Learning
Intermediate Accounting: Reporting And Analysis
Intermediate Accounting: Reporting And Analysis
Accounting
ISBN:
9781337788281
Author:
James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:
Cengage Learning
Cornerstones of Cost Management (Cornerstones Ser…
Cornerstones of Cost Management (Cornerstones Ser…
Accounting
ISBN:
9781305970663
Author:
Don R. Hansen, Maryanne M. Mowen
Publisher:
Cengage Learning
SEE MORE TEXTBOOKS