Question

The Gross revenue is $495,958.02. AR is 14% of the Gross RevenueWhat amount is tied up in AR?

Answer 1

Answer:

The amount tied up in AR is $69434.12

Explanation:

The Gross Revenue, GR = $495,958.02

From the question:

The Annual Revenue, AR = 14% of GR

AR = (14/100) x $495,958.02

AR = 0.14 x $495,958.02

AR = $69434.12

The amount tied up in AR is $69434.12