A Retailer Has a Collection Period of 30 Days

question 87

Multiple Choice

A retailer has a collection period of 30 days.Its net sales equals $1,000,000.Its accounts receivable _____.

• A)equals $30,000
• B)equals $60,000
• C)equals $82,192
• D)cannot be determined from the information provided.

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Definitions:

Individual Files

Distinct digital documents or pieces of data that are stored separately on a computer or storage device.

Grouped

Refers to items that are organized together based on common attributes or criteria within a software or database.

Date Loaded

The specific date when data was imported or entered into a system or database.

Groove Music app

A digital music streaming service and application by Microsoft, offering a wide range of music catalogues.