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.
Answer: C
Marketing MCQ
Marketing Chapter 12
A retailer has a collection period of 30 days. Its net sales equals $1,000,000. Its accounts receivable _____.