Rite-on-Time Trucking currently has $750,000 in accounts receivable, and its days' sales outstanding (DSO) is 55 days.

Question:

Rite-on-Time Trucking currently has $750,000 in and its days' sales outstanding (DSO) is 55 days. Its wants to reduce its DSO to 35 days by pressuring more of its customers to pay their bills on time. If this policy is adopted, the company's average sales will fall by 15%. What will be the level of following the change? Assume a 365-day year. 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...