Asked by TRISHA MARTINEZ on May 22, 2024
Verified
Provide a definition for the term accounts receivable period.
Accounts Receivable Period
The average number of days it takes for a company to collect payments from its customers after a sale has been made, a key component in managing cash flow.
- Comprehend the consequences of managing credit sales and accounts receivable on a corporation's financial stability.
Verified Answer
KR
Keith RobinsonMay 25, 2024
Final Answer :
The time between sale of inventory and collection of the receivable.
Learning Objectives
- Comprehend the consequences of managing credit sales and accounts receivable on a corporation's financial stability.