Short Answer Question Calculation Of Accounts Receivable At Year End
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Question
ABC Co. has an average collection period of 90 days. Total credit sales for the year were $6,000,000. What is the balance in accounts receivable at year-end?
a). $150,000
b). $2,250,000
c). $1,500,000
d). $40,000
Summary
The question belongs to Accounting and it discusses about calculation of accounts receivable at year end.
Total Word Count 21
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