Suppose a company has $15,200 in sales during a quarter. Over the quarter, accounts receivable increased by

Question:

Suppose a company has $15,200 in sales during a quarter. Over the quarter, accounts receivable increased by $9,500. What were cash collections?

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...

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