Carla Vista Supply Company wants to set up a division that provides copy and fax services to businesses. Customers will
Posted: Sun Apr 17, 2022 6:22 pm
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.)
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.)