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MMLU / Kanji Company had sales last year of 265million,includingcashsalesof25…

Problem

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question

Kanji Company had sales last year of 265million,includingcashsalesof265 million, including cash sales of 25 million. If its average collection period was 36 days, its ending accounts receivable balance is closest to . (Assume a 365-day year.)
Plain-text mathematical notation (without MathML)
Kanji Company had sales last year of 265million,includingcashsalesof25 million. If its average collection period was 36 days, its ending accounts receivable balance is closest to . (Assume a 365-day year.)
Original LaTeX notation
Kanji Company had sales last year of $265 million, including cash sales of $25 million. If its average collection period was 36 days, its ending accounts receivable balance is closest to . (Assume a 365-day year.)

choices

  1. $26.1 million
  2. $23.7 million
  3. $7.4 million
  4. $18.7 million

subject

professional_accounting

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