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

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.

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