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| Date Submitted | 27-Jul-10 |
|---|---|
| Category | Management Accounting & Analysis |
| Heading | Activity 15, Unit 1 question |
| Question | Could you please explain how the credit sales split was calculated to get a closing debtor balance of $213,215? Thanks |
| Answer | 45 days worth of crdit sales are uncollected. Therefore $1,729,411 x 45/365 = $213,215 |