Systern Furniture Center had accounts receivable of $29,000 at the beginning of the year and $55,000 at year- end. Revenue for the year totaled $114,000. How much cash did the business collect from customers? A. $140,000 B. $114,000 C. $88,000 D. $59,000

During the year Tulip reported net sales of $960,000. The company had accounts receivable of $75,000 at the beginning of the year and $120,000 at the end of the year Compute Tulip’s average collection period (assume 365 days a year.)

My business has a net sales of  $3,492,690, of which 40% was cash ($1,397,076), 50% was on account ($1,746,345), 10% was prepaid sales ($349,269).  How do I make one compound journal entry to recore the net sales for the end of the year?   Date Accounts Debit Credit

On April 30, Holden Company had an Accounts Receivable balance of $18,000. During the month of May. total credits to Accounts Receivable were $52,000 from customer payments. The May 31 Accounts Receivable balance was $13.000. What was the amount of credit sales during May? O $52,000. O $32,000. O $47,000. $57,000. O 55,000.

Nathalie Drug Store had net credit sales of P6,000,000 and cost of goods sold of P2,000,000 for the year. The Accounts Receivable balances at the beginning and end of the year were P350,000 and P250,000, respectively. The accounts receivable turnover ratio was *       a. 10.0 times. b. 17.1 times. c. 13.3 times. d. 20.0 times.

wiss Clothing Store had a balance in the Accounts Receivable account of $820,000 at the beginning of the year and a balance of $780,000 at the end of the year. Net credit sales during the year amounted to $7,200,000. The accounts receivable turnover ratio was A:9.2 times. B:9.0 times. C: 8.4 times. D: 8.8 times.

39. CityMarket, Inc.'s purchases during the year were $118,378. The balance sheet shows an average accounts payable balance of $12,000. CityMarket's payables payment period is closest to: 37 days. 44 days. 52 days.

Harvey Clothing Store had a balance in the Accounts Receivable account of $390,000 at the beginning of the year and a balance of $410,000 at the end of the year. Net credit sales during the year amounted to $3,000,000. The average collection period of the receivables in terms of days was   - 30 days.   - 365 days.   - 274 days.   - 48.7 days.

please help me answer the following

If Hot Tubs Inc. had sales of $2,027,773 per year (all credit) and its days sales outstanding was equal to 35 days, what was its average amount of accounts receivable outstanding? (Assume a 365-day year.) *   a. $ 5,556 b. $212,541 c. $194,444 d. $ 57,143 e. $ 97,222