Eastham Company's accounts receivable were $600,000 at the beginning of the year and $800,000 at the end of the year.Cash sales for the year were $300,000.The accounts receivable turnover for the year was 5 times.Eastham Company's total sales for the year were:
A) $800,000.
B) $1,300,000.
C) $3,300,000.
D) $3,800,000.
Correct Answer:
Verified
Q58: Information concerning the common stock of Morris
Q59: Dratif Company's working capital is $33,000 and
Q60: Crabtree Company's net income last year was
Q61: Selected year-end data for the Brayer Company
Q62: Frabine Company had $150,000 in sales on
Q64: Andy Inc.has $15,000 in cash,$38,000 in current
Q65: Harwichport Company has a current ratio of
Q66: Grapp Company had $130,000 in sales on
Q67: Erack Company has $15,000 in cash,$4,000 in
Q68: Paul Company has $17,000 in cash,$3,000 in
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents