Answer Happy

Suppose JJ, Inc. collects 60% of credit sales in the month of sale, 25% in the month after the sale, and 10% in the 2nd month after the month of sale. If revenue was $90,000 in September, $150,000 in October, and $112,000 in November, how much cash did JJ collect in November? O $104,700 O $127,000 O $102,700 O $113,700
At the end of the 1st Quarter, To Your Health Medical Center had $900 million in accounts receivable on the balance sheet. During the 1st Quarter, Your Health generated $6,000 million in sales revenue. Given there are 90 days in the 1st Quarter, what was the average collection period (ACP)? 600 days O 51.9 days O 56.7 days O 13.5 days
At the end of the 1st Quarter, To Your Health Medical Center had $900 million in accounts receivable on the balance sheet. During the 1st Quarter, Your Health generated $6,000 million in sales revenue. Given there are 90 days in the 1st Quarter, what was the average collection period (ACP)? 600 days O 51.9 days O 56.7 days O 13.5 days