Register
If the average collection period is 35 days this means
81.3k views
0 votes
If the average collection period is 35 days this means

User Jvasak
by
8.3k points

1 Answer

2 votes
This means that customers pay their credit to the company every 35 days on average.

ACP = $10,185 / $105,452 x 365 = 35.2 days
User Daniel Puiu
by
8.2k points
← Prev Question Next Question →

No related questions found

Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Other Questions

Who was Adam Smith ? Anybody?
What can turn igneous rock into sediment?
In what way did the GI Bill contribute to the growth of professional and white-collar jobs ? A.by providing US laborers with new job-training programs B.by giving US veterans assistance to purchase a new
What is the best way to describe a stock market?
You sell popcorn during your schools football games. Knowing that the people usually buy more when the price is lower, how would you price your popcorn after halftime?
Link Copied!