Tomlin Ltd's Average Accounts Receivable for Year Ended 31 December

question 47

Multiple Choice

Tomlin Ltd's average accounts receivable for year ended 31 December 2012 was $200 000.The number of days in receivables was 146 days.What were the credit sales for the year?

• A) $500 000
• B) $300 000
• C) $80 000
• D) this cannot be determined from the information provided.

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Definitions:

Friction

A force that opposes the movement of two surfaces that are in contact with each other.

Adaptation

The process by which organisms adjust to their environment in order to survive and reproduce, including changes in structure, function, or behavior.

Limbs

Appendages on the human body or on other animals, used for movement or manipulation.

Walk

The act of moving at a regular pace by lifting and setting down each foot in turn, never having both feet off the ground at once.