Question: answer A and B needed Accounts receivable management This table shows that Blair Supply had an end-of-year accounts receivable balance of $299,985. The table also

 answer A and B needed Accounts receivable management This table shows
that Blair Supply had an end-of-year accounts receivable balance of $299,985. The
table also shows how much of the receivables balance originated in each
of the previous six months. The company had annual sales of $2
answer A and B needed

Accounts receivable management This table shows that Blair Supply had an end-of-year accounts receivable balance of $299,985. The table also shows how much of the receivables balance originated in each of the previous six months. The company had annual sales of $2 40 million and it normally extends 30-day creditors to its customers. a. Use the year-end total to evaluate the firm's collection system b. If 70% of the firm's sales occur between July and December, would this affect the validity of your conclusion in parta? Explain a. The average collection period is days. (Round to two decimal places.) shows that Blair Supply had an end-of-year accounts receivable balance of $299,985. The table also show mual sales of $2.40 million and it normally extends 30-day credit terms to its customers. n system. cember, would this affect the validity of your conclusion in part a? Explain. two decimal places.) Data Table (Click on the icon located on the top-right corner of the data table below in order to copy its contents into a spreadsheet.) Month of Amounts receivable origin July $3,890 August 2,010 September 34,005 October 15,115 November 52,000 December 192,965 Year-end accounts receivable $299,985 Print Done Accounts receivable management This table shows that Biar Supply had an end-of-year accounts receivable balance of $200.000. The table also shows how much of the receivables balance originated in each of the previous six months. The company had annual sales of $2.40 milion and it nomaly extends 30 day creditems to customers. a. Use the year and total to evaluate the firm's collection system b. f 70% of the fm's sales occur between July and December, would this affect the validity of your conclusion in parta? Explain a. The average collection period is days. (Round to two decimal places) (Click on the icon located on the top-right corner of the data table below in order to copy its contents into a spreadsheet.) Month of Amounts receivable origin July $3,890 August 2,010 September 34,005 October 15,115 November 52,000 December 192,965 Year-end accounts receivable $299,985

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!