Abc co has an average collection period of 90 days total, Accounting Basics

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Abc co has an average collection period of 90 days total

Problem-

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

Additional Requirement-

This problem relates to Accounting and it discusses about evaluation of accounts receivable at year end.

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Accounting Basics: Abc co has an average collection period of 90 days total

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Accounting Basics: Abc co has an average collection period of 90 days total

Reference No:- TGS01104688

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