Explore BrainMass
Share

Explore BrainMass

    Receivables

    Question about Trade Credit and Receivables

    Trade Credit and Receivables. A firm offers terms of 2/15, net 30. Currently, two-thirds of all customers take advantage of the trade discount; the remainder pay bills at the due date. a. What will be the firm's typical value for its accounts receivable period? b. What is the average investment in accounts receivable if an

    Receivable Alignments

    Complete Questions 8-3A AND 8-4A. All work must be shown and the answers must be properly aligned and to the exact format specified in the question. Please note that the left margin of 8-4A is unclear, but it says the following: "Problem 8-4A Details of notes receivable and related entries 1. Note 2: Due date, Sept.