TechCom Had Net Sales of $315,000 and Average Accounts Receivable

question 163

Essay

TechCom had net sales of $315,000 and average accounts receivable of $75,600.Its competitor,ZCom,had net sales of $299,000 and average accounts receivable of $81,350.Calculate the accounts receivable turnover for both companies.Which company is doing a better job of managing its accounts receivable?

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Definitions:

Proposal

A document or plan presenting a suggested course of action or intention, often used in business or project planning.

Persuasive Sales Messages

These are communications designed to influence the attitudes or behaviors of the audience, encouraging them to purchase a product or service.

Work Plan Section

A segment of a document or project plan that outlines tasks, timelines, and responsibilities.

Formal Proposal

A structured and detailed document submitted to offer a solution, service, or project for consideration or approval.