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FromTheMoon [43]
3 years ago
14

The unearned discounts represents a loss in collections from accounts receivable, which is what percent of accounts receivable?

%
Business
1 answer:
Lelu [443]3 years ago
7 0

Answer:

The percentage of non-discounted sales

Explanation:

To find out the percent of account receivable we will have to carry out the following mathematical calculations:

1. The amount of discount given of on the total sales:

   Discount % on a single product multiplied by the total sales.

2. Total sales minus the answer in 1 will give us the amount receivable.

   Total sales minus total discount given.

3. Divide the answer in 2 by total sales and then multiply by 100.

    Account receivable %=  <u>Total sales - ( total discount given )</u>  * 100

                                                        Total Sales    

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