A company that grants terms of n 30 on all sales has a yearly accounts receivable turnover, based on monthly averages, of 6 Is this a satisfactory turnover Discuss ...

No an accounts receivable turnover of 6 with sales on an n30 basis is not satisfactory It ...

A company that grants terms of n/30 on all sales has a yearly accounts receivable turnover, based

Question:

A company that grants terms of n/30 on all sales has a yearly turnover, based on monthly averages, of 6. Is this a satisfactory turnover? Discuss.

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...