Find the average collection period for the month


Question: Beetle Corporation has accounts receivable of $42,000 at the beginning of the month and $51,000 at the end of the month, respectively. The Net sales were recorded as $200,000. You were required to find the average collection period for the month (assume a 30-day month). Question Answer a. 7 days b. 11 days c. 5 days d. 9 days

 

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Accounting Basics: Find the average collection period for the month
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