Questions and Answers
Find the average collection period. Given: Accounts receivable: RM59,600 Net credit sales: RM277,550 Assume: 365 days in a year
Find the average collection period. Given: Accounts receivable: RM43,536 Net sales: RM128,590 Assume: 360 days in a year Additional info: 90% of net sales is the credit sales
What is the average collection period if there is 365 days in a year and the net credit sales and accounts receivable are RM229,050 and RM63,110 respectively.
What is the average collection period if there is 366 days in a year, the accounts receivable is RM422,000, net sales is RM2,880,000, and it is mentioned that 10% of the net sales is the cash sales.
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Find the average collection period. Given: Accounts receivable: RM191,000 Net credit sales: 90% of RM5,320,000 Assume: 365 days in a year
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What is the average collection period if: Accounts receivable: RM25,000 Net cash sales: 20% of RM190,000 Assume: 365 days in a year
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Find the average collection period. Given: Net credit sales: RM120,000 Accounts receivable: RM22,000 Assume: 365 days in a year
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70% of net sales are credit sales. Assume there are 365 days in a year. Accounts receivable: RM18,000. Net sales: RM155,000. Find the average collection period.
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30% of net sales are cash sales. Assume there are 365 days in a year. Accounts receivable: RM24,000. Net sales: RM121,000. Find the average collection period.
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All net sales are net credit sales. Assume a year has 365 days. Accounts receivable: RM5,500. Sales: RM95,600. Find the average collection period.
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