Fisher 's Furniture Store sells $800,000 worth of furniture to customers on credit each month The Accounts Receivable balance in the accounting books averages $2 million On average, how long are customers taking to pay their bills ...

Fisher's Furniture Store sells $800,000 worth of furniture to customers on credit each month. The Accounts Receivable

Question:

Fisher's Furniture Store sells $800,000 worth of furniture to customers on credit each month. The balance in the accounting books averages $2 million. On average, how long are customers taking to pay their bills?
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...