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

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


Learn More :

Marketing Chapter 12

Learn More Multiple Choice Question :