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:

Reasonable Person

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Abnormally Dangerous Activity

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Discharge of Fireworks

The act of igniting fireworks, which can be subject to local regulations or laws governing their use.

Calvary Assembly of God

A specific local church congregation that is part of the Assemblies of God, a global Pentecostal Christian denomination.