Use the year-end total to evaluate the firm’s collection system.If 70% of the firm’s sales occur between July and December, would this information affect the validity of your conclusion in part a? Explain.

Use the year-end total to evaluate the firm’s collection system.If 70% of the firm’s sales occur between July and December, would this information affect the validity of your conclusion in part a? Explain.

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.
a. Use the year-end total to evaluate the firm’s collection system.
b. If 70% of the firm’s sales occur between July and December, would this information affect the validity of your conclusion in part a? Explain.


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