Wednesday
March 4, 2015

Homework Help: accounting

Posted by carrie on Sunday, July 13, 2008 at 6:27pm.

XYZ's receivables turnover is 10x. The accounts receivable at year-end are $600,000. The average collection period is 90 days (3 months). What was the sales figure for the year?
A) $60,000
B) $6,000,000
C) $24,000,000
D) none of the above

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

college - XYZ's receivables turnover is 10x. The accounts receivable at year-end...
Accounting - Assume that Hickory Company has the following data related to its ...
accounting - Exercise 9-13: Accounts receivable turnover L.O. A1 The following ...
Financial Accounting - Use the following information to answer multiple-choice ...
accounting - Assume that Hickory Copany has the following data related to its ...
accounting - P9-4A (a-d) Wall Inc. uses the allowance method to estimate ...
accounting - The following financial data were taken from the annual financial ...
accounting - The following financial data were taken from the annual financial ...
accounting - I was given gross accounts receivable $15,200,000 and $17,600,000 ...
Accounting - Sam's grocery store had the following at the end of 20X5: Cash $22,...

Members