The age of an account receivable is the length of time that it has been outstanding. At

Question:

The “age” of an account receivable is the length of time that it has been outstanding.
At the end of October, a firm has $12,570 in receivables that are 30 days old, $6850 in receivables that are 60 days old, and $1325 in receivables that are 90 days old. What is the average age of its at the end of October?
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...