The "age" of an account receivable is the length of time that it has been outstanding. At the end of October, a firm has $12,570 in receivables that are 30 days "old," $6,850 that are 60 days "old," and $1325 that are 90 days "old." What is the average "age" of its accounts receivable at the end of October?

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The Answer of The "age" of an account receivable is the length of time that it has been outstanding. At the end of October, a firm has $12,570 in receivables that are 30 days "old," $6,850 that are 60 days "old," and $1325 that are 90 days "old." What is the average "age" of its accounts receivable at the end of October?

The "Age" of an Account Receivable Is the Length of Time