24 Jul WOULD THIS INFORMATION AFFECT THE VALIDITY OF YOUR CONCLUSION IN PART A?
follows gives the Show more Accounts receivable management An evaluation of the books of Blair Supply which follows gives the end-of-year accounts receivable balance which is believed to consist of amounts originating in the months indicated. The company had annual sales of $2.4 million. The firm extends 30-day credit terms. Month of origin Accounts receivable July $ 3875 August 2000 September 34025 October 15100 November 52000 December 193000 Year-end accounts receivable $300000 a. Use the year-end total to evaluate the firms collection system. b. If 70% of the firms sales occur between July and December Would this information affect the validity of your conclusion in part a? Explain. Show less
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