Accounts Receivable Balance
Not what you're looking for?
Barney's Antique Shop has annual credit sales of $1,080,000 and an average collection period of 40 days in 2007. Assume a 360-day year. What is the company's average accounts receivable balance? Accounts receivable are equal to the average daily credit sales times the average collection period.
Purchase this Solution
Solution Summary
This solution is comprised of a detailed explanation to answer what is the company's average accounts receivable balance.
Solution Preview
Barney's Antique Shop has annual credit sales of $1,080,000 and an average collection period of 40 days in 2007. Assume a ...
Purchase this Solution
Free BrainMass Quizzes
Economics, Basic Concepts, Demand-Supply-Equilibrium
The quiz tests the basic concepts of demand, supply, and equilibrium in a free market.
Elementary Microeconomics
This quiz reviews the basic concept of supply and demand analysis.
Basics of Economics
Quiz will help you to review some basics of microeconomics and macroeconomics which are often not understood.
Pricing Strategies
Discussion about various pricing techniques of profit-seeking firms.
Economic Issues and Concepts
This quiz provides a review of the basic microeconomic concepts. Students can test their understanding of major economic issues.