513,977 views
35 votes
35 votes
The Gross revenue is $495,958.02. AR is 14% of the Gross RevenueWhat amount is tied up in AR?

User Stewart Ellis
by
2.9k points

1 Answer

21 votes
21 votes
Answer:

The amount tied up in AR is $69434.12

Step-by-step explanation:

The Gross Revenue, GR = $495,958.02

From the question:

The Annual Revenue, AR = 14% of GR

AR = (14/100) x $495,958.02

AR = 0.14 x $495,958.02

AR = $69434.12

The amount tied up in AR is $69434.12

User Robert Nekic
by
2.7k points
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.