FIN/370 - The Arizona Bay Corporation sells on credit terms of net 30
Question # 00490986
Posted By:
Updated on: 02/26/2017 06:37 AM Due on: 02/26/2017
8. Size of Accounts Receivable [LO1] The Arizona Bay Corporation sells on credit terms of net 30. Its accounts are, on average, four days past due. If annual credit sales are $9.75 million, what is the company’s balance sheet amount in accounts receivable?
-
Rating:
/5
Solution: FIN/370 - The Arizona Bay Corporation sells on credit terms of net 30