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    scrumrine2's Avatar
    scrumrine2 Posts: 1, Reputation: 1
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    #1

    Nov 3, 2008, 08:40 PM
    Receivables calculations
    Maddox Resources has credit sales of $180,000 yearly with credit terms of net 30 days, which is also the average collection period. Maddox does not offer a discount for early payment, so its customers take the full 30 days to pay.

    What is the average receivables balance? Receivables turnover?
    cuondweb's Avatar
    cuondweb Posts: 1, Reputation: 1
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    #2

    Oct 26, 2009, 06:23 PM
    Maddox Resources has credit sales of $180,000 yearly with credit terms of net 30 days, which is also the average collection period. Maddox does not offer a discount for early payment, so its customers take the full 30 days to pay.

    What is the average receivables balance? Receivables turnover?
    morgaine300's Avatar
    morgaine300 Posts: 6,561, Reputation: 276
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    #3

    Oct 26, 2009, 11:05 PM

    Please see the guidelines for posting homework problems:
    https://www.askmehelpdesk.com/financ...-b-u-font.html
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