Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. blaney clothing store had a balance in the account

Blaney Clothing Store had a balance in the Accounts Receivable account of $437,500 at the...

80.2K

Verified Solution

Question

Accounting

Blaney Clothing Store had a balance in the Accounts Receivable account of $437,500 at the beginning of the year and a balance of $500,000 at the end of the year. Net credit sales during the year amounted to $3,000,000. The average collection period of the receivables in terms of days was?

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

In a study comparing banks in Germany and Great Britain, a sample of 145 matched pairs...

Statistics
Q

A mass attached to a spring oscillates with a period of 3.15 s. (a) If the mass...

Physics
Q

E A CD M The above is a plot of binding energy per nucleon E...

Physics
Q

A compound microscope has a magnifying power 48. The focal length of its eye-piece is...

Physics
Q

In the figure shown if the object O moves towards the plane mirror then the...

Physics
Q

Correct Questions 27 180 Same current is flowing in three infinitely long thin wire along...

Physics
Q

3 A machine costing 211 600 with a four year life and an estimated 16...

Basic Math
Q

Which sentence below correctly punctuates the quote?A. Yeats writes ",She bid me take life easy,...

Basic Math
Q

please help! Pearl E White Orthodontist specializes in correcting...

Accounting
Q

Which of the following accurately describes a company's choice of inventory cost method? All of...

Accounting
Q

Deacon Company is a merchandising company that is preparing a budget for the three-month period...

Accounting
Q

D E Bond Amorization Schedule with Stated Rate of 5% Payment Cash Interest Payment Interest...

Accounting