It takes your firm 4.2 days to get ready and mail out all the monthly statements to
Fantastic news! We've Found the answer you've been seeking!
Question:
It takes your firm 4.2 days to get ready and mail out all the monthly statements to your customers. On average, the mail time between your firm and your customers is 3.6 days. Customer checks take an average of 1.9 days to clear the bank. You have determined that your total average collection time is 7.4 days. How long, on average, does it take your firm to process the payments from customers?
Posted Date: