Divide and Simplify

question 31

Essay

Divide and simplify.

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Definitions:

Cash Balance

The amount of money on hand or in bank accounts, immediately available to a business or individual.

Money Paid Out

The total amount of money a company or individual spends or disburses.

Average Collection Period

The average number of days it takes for a company to receive payment after a sale has been made on credit.

Accounts Receivables

Money owed to a business by its customers for goods or services that have been delivered or used but not yet paid for.