Quattro Incorporated has an investment in accounts receivable of $3,500,000. Daily credit sales are $120,000. If 20%

Question:

Quattro Incorporated has an investment in of $3,500,000. Daily credit sales are $120,000. If 20% of Quattro's credit customers receive a discount by paying within 10 days, what is the net period that Quattro maintains?

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...