For 160 customers would 18,687.5 owed per customer be considered a high amount owed per person? Also, the company financials are AR balance equals 2,990,000 and that represents 6% of total assets (49,833,333.33). what would also be the performance materality for the question above?

For 160 customers would 18,687.5 owed per customer be considered a high amount owed per person? Also, the company financials are AR balance equals 2,990,000 and that represents 6% of total assets (49,833,333.33). what would also be the performance materality for the question above?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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what would also be the performance materality for the question above?

Definition Definition Money that the business will be receiving from its clients who have utilized the credit provided to buy its goods and services. The credit period typically lasts for a short term, lasting from a few days, a few months, to a year.

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Please help me with it , its an accounting question
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