Carla Vista Supply Company wants to set up a division that provides copy and fax services to businesses. Customers will

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answerhappygod
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Carla Vista Supply Company wants to set up a division that provides copy and fax services to businesses. Customers will

Post by answerhappygod »

Carla Vista Supply Company wants to set up a division that
provides copy and fax services to businesses. Customers will be
given 20 days to pay for such services. The annual revenue of the
division is estimated to be $23,300. Assuming that the customers
take the full 20 days to pay, what is the incremental cash flow
associated with accounts receivable? (Round
intermediate calculation to 2 decimal places, e.g. 15.75 and final
answer to the nearest whole dollar, e.g. 5,275. Use 365 days for
calculation.)
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