Eastham Company's accounts receivablewere $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.What were Eastham Company's total sales for the year?
A) $800,000.
B) $1,300,000.
C) $3,300,000.
D) $3,800,000.
Correct Answer:
Verified
Q51: Selected year-end data for the Brayer
Q52: Frantic Company had $130,000 in sales on
Q53: Grapp Company had $130,000 in sales on
Q54: Frabine Company had $150,000 in sales on
Q55: Eral Company has $17,000 in cash,$3,000 in
Q57: Grave Company had $150,000 in sales on
Q58: Ben Company has the following data
Q59: Starrs Company has current assets of $300,000
Q60: Fracus Company had $100,000 in sales on
Q61: Martin Company reported an extraordinary after-tax loss
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