What is TDD Two Doors Down Inc has weekly credit sales of 40

What is TDD

Two Doors Down, Inc., has weekly credit sales of $40,100, and the average collection period is 28 days. (Enter your answer as directed, but do not round intermediate calculations.)

Solution

weekly credit sales = 40100

so daily credit sales = 40100/7


average collection period = 28 days


average account recievable = daily credit sales * number of days of collection period

= 40100/7 * 28

= $160,400 ..........ans

What is TDD Two Doors Down, Inc., has weekly credit sales of $40,100, and the average collection period is 28 days. (Enter your answer as directed, but do not r

Get Help Now

Submit a Take Down Notice

Tutor
Tutor: Dr Jack
Most rated tutor on our site