Fisher's furniture stores sell $ 1150000 worth of furniture to customers on credit each month. The accounts

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Fisher's furniture stores sell $ 1150000 worth of furniture to customers on credit each month. The accounts receivable balance in the accounting books averages $2.6 million. On average, how long are customers taking to pay their bills? The average time it takes customers to pay their bills is __________ months.
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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Financial Accounting Information For Decisions

ISBN: 978-0324672701

6th Edition

Authors: Robert w Ingram, Thomas L Albright

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