Best writers. Best papers. Let professionals take care of your academic papers

Order a similar paper and get 15% discount on your first order with us
Use the following coupon "FIRST15"
ORDER NOW

ALei Industries

/in /by

ALei Industries has credit sales of $153 million a year. ​ ALei’s management reviewed its credit policy and decided that it wants to maintain an average collection period of 45 days.

a.  What is the maximum level of accounts receivable that ALei can carry and have a 45​-day average collection​ period?

b.  If​ ALei’s current accounts receivable collection period is 60 ​days, how much would it have to reduce its level of accounts receivable in order to achieve its goal of 45 ​days?

a.  What is the maximum level of accounts receivable that ALei can carry and have a 45​-day average collection​ period?

The maximum level of accounts receivable will be ​$___ million. (Round to one decimal​ place.)

 
Looking for a Similar Assignment? Order now and Get 10% Discount! Use Coupon Code "Newclient"