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The Following Data Pertain to Golden State Corporation:
Days 25\quad\quad\quad\quad25

Question 157

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The following data pertain to Golden State Corporation:
Days sales uncolle cted for 2010 25\quad\quad\quad\quad25
Ac counts receivable, 12/31/2009 $78,000\quad\quad\quad\$ 78,000
Accountsreceivable 12/31/2010 12 / 31 / 2010 $82,000\quad\quad\$ 82,000

Calculate the amount of net sales reported for 2010. Use 365 days per year.

Correct Answer:

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$1,168,000 {365 / 25...

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