Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. graber company had $130,000 in sales on account la

Graber Company had $130,000 in sales on account last year. The beginning accounts receivable balance...

80.2K

Verified Solution

Question

Accounting

image

Graber Company had $130,000 in sales on account last year. The beginning accounts receivable balance was $18,000 and the ending accounts receivable balance was $12,000. The company's average collection period was closest to: Select one: O a. 33.69 days O b. 42.12 days O c. 84.23 days O d. 50.54 days

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

A probability density function on R is a function f :R -> R satisfying (i) f(x)≥0...

Advance Math
Q

Describe how a poison could affect the electron transport system in cellular respiration. Explain how it...

Biology
Q

2a. Confirm that the position and momentum, p=-ℏ ∂/∂x, operators do not commute. 2b. Show how the statement...

Physics
Q

Nichols Inc. is considering a project that has the following cash flow data. What is the...

Finance
Q

Whispering Company has two classes of capital stock outstanding: 8%, $20 par preferred and $5 par...

Accounting
Q

Noncyclicphotophosphorylationonly occurs inA. Photosystem IB. Photosystem IIC. cholorphyllD. glycolysis

Biology
Q

1 Find all real Solutions of the equation E 1 8 X 2 x 4...

Calculus
Q

17 If net revenue from operations of a firm are RO 15,00,000, Gross Profit is...

Accounting
Q

Sally purchased a new computer (five-year property) on June 1, 2014, for $4,000. Sally could...

Accounting
Q

1. Sold $20,000 of merchandise, which cost $15,000, on Mastercard credit cards, Mastercard charges a...

Accounting
Q

Calculate days' sales in inventory for 2017. (Round any intermediate calculations and your final answer...

Accounting
Q

Jack and Jacki's son, John, is a full-time student at a University. John earned $7,200...

Accounting