Explore BrainMass

Explore BrainMass

    Size of Account Receivable

    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

    Vitale, Baby!, Inc., has weekly credit sales of $18,000, and the average collection period is 29 days. The cost of production is 80% of the selling price. What is Vitale's average accounts receivable figure?

    © BrainMass Inc. brainmass.com June 3, 2020, 9:35 pm ad1c9bdddf
    https://brainmass.com/economics/finance/size-account-receivable-190029

    Solution Summary

    This explains the computation of size of account receivable.

    $2.19

    ADVERTISEMENT