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    Cash Budgeting

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    The Webster's Company sells on credit terms of net 45. Its accounts are on average 45 days past due. If annual credit sales are $5 million, what is the company's balance in accounts receivable?

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    https://brainmass.com/business/cash-budgeting/cash-budgeting-86327

    Solution Preview

    Since the accounts are on average 45 days past due, the balance in Accounts Receivable will ...

    Solution Summary

    The solution explains how to calculate the balance in the accounts receivable account.

    $2.19

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