Procedure the payments from customers


It takes your firm 4.5 days to prepare and mail out all the monthly statements to your customers. On average, the mail time between your firm and your customers is 2.6 days. Customer checks take an average of 1.8 days to clear the bank. You have determined that your total average collection time is 6.1 days. How long, on average, does it take your firm to process the payments from customers?

Request for Solution File

Ask an Expert for Answer!!
Business Management: Procedure the payments from customers
Reference No:- TGS0108948

Expected delivery within 24 Hours