Hanse, Inc., has a cash cycle of 37.5 days, an operating cycle of 51 days, and an inventory period of 21 days. The company reported cost of goods sold the amount of $359,000and credit sales were $582,000. What the company's average balance in accounts payable and accounts receivable? (Do not round Intermediate calculations and round your answers to 2 decimal places, e.g.,32.16.)

Hanse, Inc., has a cash cycle of 37.5 days, an operating cycle of 51 days, and an inventory period of 21 days. The company reported cost of goods sold the amount of $359,000and credit sales were $582,000. What the company's average balance in accounts payable and accounts receivable? (Do not round Intermediate calculations and round your answers to 2 decimal places, e.g.,32.16.)

Name: Hanse, Inc., has a cash cycle of 37.5 days, an operating cycle of 51 d
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Description: Hanse, Inc., has a cash cycle of 37.5 days, an operating cycle of 51 days, and an inventory period of 21 days. The company reported cost of goods sold the amount of $359,000and credit sales were $582,000. What the company's average balance in account

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter9: Accounting For Receivables

Section: Chapter Questions

Problem 12Q: Berry Farms has an accounts receivable balance at the end of 2018 of $425,650. The net credit sales...

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