ACP and Trade Receivables Dalglish plc sells earnings forecasts for British securities. Its credit terms are 2/10,
Question:
ACP and Trade Receivables Dalglish plc sells earnings forecasts for British securities. Its credit terms are 2/10, net 30.
Based on experience, 65 per cent of all customers will take the discount.
(a) What is the average collection period for Dalglish?
(b) If Dalglish sells 1,200 forecasts every month at a price of
£2,200 each, what is its average balance sheet amount in
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Related Book For 
Fundamentals Of Corporate Finance
ISBN: 9780077178239
3rd Edition
Authors: David Hillier, Iain Clacher, Stephen A. Ross
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