What is the average amount of accounts receivable

Reference no: EM133633083

Question: ARACELI Corp sells on terms 3.5, net 20. Total sales for the year are P912,500. 40% pay on the fifth day and take discounts; the other 60% pay on average 40 days after their purchases.

1. What is the average amount of accounts receivable?

Reference no: EM133633083

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