Accounts Receivable explanation, calculation, historical data and more. Agreement covering standard set of terms and conditions.The typical franchise agreement in the United. Nike's average Accounts Receivable for the three months ended in Aug. We make ongoing estimates relating to the ability to collect our accounts receivable and maintain an allowance for estimated losses resulting from the. Accounts receivable (AR) is an accounting term for money owed to a business for goods or services that it has delivered but not been paid for yet. Nondelinquent accounts receivable are receivables that have not been billed or are not due under the contract or billing document pertaining to the receivable. Accounts receivable turnover fill in the blank 7 fill in the blank 8 e.