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Accounts receivable management This table, shows that Blair Supply had an end-of-year accounts receivable balance of $300,015. The table also shows how much of the
Accounts receivable management This table, shows that Blair Supply had an end-of-year accounts receivable balance of $300,015. 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 credit terms 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 part a? Explain X Data Table (Click the icon here in order to copy the contents of the data table below into a spreadsheet.) Month of Amounts receivable origin July $3,890 August 1,975 September 34,025 October 15,055 November 52,035 December 193,035 Year-end accounts receivable $300,015 Print Done
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