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The QYU, Inc. has sales of P5 million per year (all credit) and an average collection period of 35 days. What is Its average amount of accounts receivable outstanding? P479,452 P142,857 6. C. P150,000 D. P500,000 A. B.

The QYU, Inc. has sales of P5 million per year (all credit) and an average collection period of 35 days. What is Its average amount of accounts receivable outstanding? P479,452 P142,857 6. C. P150,000 D. P500,000 A. B.

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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6. The QYU, Inc. has sales of P5 million per year (all credit) and an average collection period of 35 days. What is its average amount of accounts recelvable outstanding? P479,452 P142,857 C. P150,000 D. P500,000 A. B.
Transcribed Image Text:6. The QYU, Inc. has sales of P5 million per year (all credit) and an average collection period of 35 days. What is its average amount of accounts recelvable outstanding? P479,452 P142,857 C. P150,000 D. P500,000 A. B.
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