Accountıng I Deneme Sınavı Sorusu #1275526
Which of the following shows the calculation for average collection period?
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365 days divided by receivable turnover ratio |
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365 days multiplied by receivable turnover ratio |
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Net credit sales divided by net accounts receivable |
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Net credit sales multiplied by 365 days |
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Receivable turnover ratio divided by net accounts receivable |
Yanıt Açıklaması:
Average collection period is the average amount of time that a receivable payment is outstanding and is calculated as 365 days divided by receivable turnover ratio. The correct answer is A.
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