A firm has $400,000 in credit sales and $100,000 in accounts receivable Compute accounts receivable turnover and average number of collection days How do these numbers relate to the terms of 2 10 net 30 ...

He should age accounts receivable and determine if some ...

A firm has $400,000 in credit sales and $100,000 in accounts receivable. Compute accounts receivable turnover and

Question:

A firm has $400,000 in credit sales and $100,000 in Compute turnover and average number of collection days. How do these numbers relate to the terms of 2/10 net/30? Accounts Receivable
Accounts receivables are debts owed to your company, usually from sales on credit. Accounts receivable is business asset, the sum of the money owed to you by customers who haven’t paid.The standard procedure in business-to-business sales is that...