Accounts receivables = $6,500 Net Sales = $18,122 Use 360 days when when calculating average days collection

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John Lee Wholesale provides the following information: Accounts Receivable - 01/07/2020 $150 Accounts Receivable - 30/06/2021 900 Cash received from accounts receivable 8,050 What would be the credit sales for the year? Select one: 8,950 750 8,800 1,050

The following data was generated as of December 31Accounts receivable, Jan 1        550,000.00Accounts receivable collected   875,000.00Cash Sales                                350,000.00Inventory, January 1                  450,000.00Inventory, December 31            275,000.00Purchases                                 950,000.00Gross Margin on Sales              375,000.00 a.) How much is the total sales?b.) How much is the cost of sales?c.) How much is the ending Receivable as of Dec 31?d.) How is the credit sales?

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The financial statements of the Sunland Company report net sales of $384000 and accounts receivable of $50400 and $33600 at the beginning of the year and the end of the year, respectively. What is the average collection period for accounts receivable in days?

Logan Sales provides the following​ information:   Net credit​ sales: $770,000 Beginning net accounts​ receivable: $45,000.00 Ending net accounts​ receivable: $22,000 Calculate the accounts receivable turnover ratio.​ (Round your answer to the nearest whole​ number.)         A. 23 times   B. 35 times   C. 33 times   D. 17 times

compute number of days sales in receivables round your calculation and answer assume 365 days ina year

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