Dome Metals had credit sales of $180,000 yearly. Dome offered a 3 percent discount for payment in

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Dome Metals had credit sales of $180,000 yearly. Dome offered a 3 percent discount for payment in 18 days. What would the average receivables balance be?

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Foundations of Financial Management

ISBN: 978-1259194078

15th edition

Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen

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Question Posted: Oct 14, 2014 06:36 AM

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Dome Metals had credit sales of $180,000 yearly. Dome offered a 3 percent discount for payment in

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Foundations of Financial Management

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