Beginning of the year Accounts recievable balance was $18,300. Net sales (all on...
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Beginning of the year Accounts recievable balance was $ Net sales all on account for the year was $ Bonita does not offer cash discounts. Collections on Accounts Recievable during the year were $ Bonita is planning to factor some accounts receivable at the end of the year. Accounts totalling $ will be transferred to Credit Finance, inc. with recourse. Credit Finance will retain of the balances for probable adjustments and assesses a finance charge of The fair value of the recourse obligation is $ Compute Bonita's accounts recevable turnover for the year, assuming the receivables are sold. 
Beginning of the year Accounts recievable balance was $
Net sales all on account for the year was $ Bonita does not offer cash discounts.
Collections on Accounts Recievable during the year were $
Bonita is planning to factor some accounts receivable at the end of the year. Accounts totalling $ will be transferred to Credit Finance, inc. with recourse. Credit Finance will retain of the balances for probable adjustments and assesses a finance charge of The fair value of the recourse obligation is $
Compute Bonita's accounts recevable turnover for the year, assuming the receivables are sold.
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