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Kanji Company had sales last year of $265 million, including cash sales of $25 million.

 If its average collection period was36 days, its ending accounts receivable balance is closest to. (Assume a365-day year.)

 

$26.1 million

 

$23.7 million

 

$7.4 million

 

$18.7 million

Accounting ERP Audit Management Project Management Management
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Question added by Emad Mohammed said abdalla , ERP & IT Software, operation general manager . , AL DOHA Company
Date Posted: 2015/03/26
Upvote (1) Views (33) Followers (11) Answers (10) Report Question
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Ayoub Tartir , PMP, GWCPgM, CISA, CISSP, CAP, CSSLP, FITSP-D, CEH, CHFI, CCNA, CCNA Security, Security+, Network+

I agree with the given answers. Thanks

mohamed badawy
by mohamed badawy , Head Of Operations , Almajdoui Logistics Company

b...............................................................................................

Khaled Anwar
by Khaled Anwar , Senior Sales Engineer , "Automotive company''

i think the answer is : Option ( B )

Mohammed Fathe Shaheem
by Mohammed Fathe Shaheem , Operation Executive , Arabian Construction Company

23.7 million $.........................................................................................

Mir Mujtaba Ali
by Mir Mujtaba Ali , Internal Audit Manager , Confidential

I would like to opt the answer as $23.7 million

Deleted user

The most valuable answer is $23.7 million

Wasi Rahman Sheikh
by Wasi Rahman Sheikh , WAREHOUSE SUPERVISOR , AL MUTLAQ FURNITURE MFG

Correct answer is option B)  <<<<<<<<<<<<

Muhammad Ramzan Tufail ACCA
by Muhammad Ramzan Tufail ACCA , Assistant Finance Manager , Eltizam Asset Management Group

23.7 is the Right Ans.

 

;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;

Mark Angelo Damuag
by Mark Angelo Damuag , Financial Analyst , Evacare Management Consultancy Inc

The answer is $23.7 million.

Emad Mohammed said abdalla
by Emad Mohammed said abdalla , ERP & IT Software, operation general manager . , AL DOHA Company

>>>>>>>>>>>>>>>>>>>>  $23.7 million

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