Answered

Welcome to Westonci.ca, your one-stop destination for finding answers to all your questions. Join our expert community now! Join our Q&A platform to get precise answers from experts in diverse fields and enhance your understanding. Our platform provides a seamless experience for finding reliable answers from a network of experienced professionals.

Robin's Nest had net credit sales for the current period of $600,000 and average net receivables were $50,000. What is Robin's Nest's average daily sales

Sagot :

Parrain

Based on the credit sales and the net receivables, Robin Nest's average daily sales were $1,644.

What are the average daily sales?

Average daily sales are the estimated amount of sales made daily in a year.

It can be found by the formula:

= Net credit sales / Number of days in period

Solving gives:

= 600,000 / 365 days

= $1,644

Find out more on average daily sales at https://brainly.com/question/9327086.

Thank you for choosing our platform. We're dedicated to providing the best answers for all your questions. Visit us again. Thank you for visiting. Our goal is to provide the most accurate answers for all your informational needs. Come back soon. Get the answers you need at Westonci.ca. Stay informed with our latest expert advice.