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  • Fin 5001 BC Company Has Annual Sales of 241630 and Cost

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    Doreen
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    ABC Company has annual sales of $241,630 and cost of goods sold of $66,057. The average accounts receivable balance is $30,497. The question asks to calculate the accounts receivable period in days, assuming 365 days in a year, given the annual sales and average accounts receivable balance.

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    Fin 5001 Bc Company Has Annual Sales of 241630 and Cost

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    ABC Company has annual sales of $241,630 and cost of goods sold of $66,057. The average accounts receivable balance is $30,497. The question asks to calculate the accounts receivable period in days, assuming 365 days in a year, given the annual sales and average accounts receivable balance.

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    © All Rights Reserved
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    3 views1 page

    Fin 5001 BC Company Has Annual Sales of 241630 and Cost

    Uploaded by

    Doreen
    ABC Company has annual sales of $241,630 and cost of goods sold of $66,057. The average accounts receivable balance is $30,497. The question asks to calculate the accounts receivable period in days, assuming 365 days in a year, given the annual sales and average accounts receivable balance.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
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    FIN 5001 - BC Company has annual sales of $241,630 and

    cost
    FIN 5001 - BC Company has annual sales of $241,630 and cost

    Question

    ABC Company has annual sales of $241,630 and cost of goods sold of $66,057. The average
    account
    GET THE ANSWER>> https://solutionlly.com/downloads/fin-5001-bc-company-has-annual-
    sales-of-241630-and-cost
    FIN 5001 - BC Company has annual sales of $241,630 and cost

    Question

    ABC Company has annual sales of $241,630 and cost of goods sold of $66,057. The average
    accounts receivable balance is $30,497. How many days on average does it take the firm to
    collect its accounts receivable? That is, what is the AR Period?

    Assume 365 days.

    Enter your answer rounded off to two decimal points

    FIN 5001 - BC Company has annual sales of $241,630 and cost

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