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ACP in Richmond

The average collection period is the approximate amount of time that it takes for a business to receive payments owed in terms of accounts receivable.

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ACP in Richmond

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  1. What is the Average Collection Period (ACP)? The average collection period is the approximate amount of time that it takes for a business to receive payments owed in terms of accounts receivable. The average collection period is calculated by dividing the average balance of accounts receivable by total net credit sales for the period and multiplying the quotient by the number of days in the period.

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  4. BREAKING DOWN Average Collection Period The average collection period represents the average number of days between the date a credit sale is made and the date payment is received from the credit sale. The average balance of accounts receivable is calculated by adding the beginning balance in accounts receivable and ending balance in accounts receivable and dividing the total by 2. When calculating the average collection period for an entire year, 360 may be used as the number of days in one year for simplicity.

  5. Plantax Pacific Financial Inc Unit 148, 10451 Shellbridge Way Richmond, BC V6X 2W8 Canada Phone: 604 273 0388 Fax: 604 273 0389 admin@plantax.ca https://www.facebook.com/plantaxfinancial/

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