Accounts receivable ar receives an average of 1003 payments


Accounts Receivable (AR) receives an average of 1003 payments per week. Assume that the checks coming in are either small or large. Small checks are for an average of $477 and large checks are for an average of $5091. 20% of the checks coming in are large with the rest being small. Currently no distinction is made between the large and small checks. As a result 20% of the checks waiting to be processed are large. The total inventory in cash will be ......

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Financial Management: Accounts receivable ar receives an average of 1003 payments
Reference No:- TGS02160550

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