ABC Co
Subject:BusinessPrice: Bought3
ABC Co. has an average collection period of 60 days. Total credit sales for the year were $3,000,000. What is the balance in accounts receivable at year-end?
A) $50,000
B) $100,000
C) $500,000
D) $80,000
Subject:BusinessPrice: Bought3
ABC Co. has an average collection period of 60 days. Total credit sales for the year were $3,000,000. What is the balance in accounts receivable at year-end?
A) $50,000
B) $100,000
C) $500,000
D) $80,000