5 points Save Answer ABC Ltd asks its credit customers to pay by the end of the month after the month of delivery. In practice, customers take longer to pay on average 70 days. Sales revenue amounts to R1 500 000 per year and bad debts to R500 000 per year. It is planned to offer customers a cash discount of 2% for payment within 30 days KBC estimates that 35% of customers will accept this facility but that the rest will still only pay 70 days after-sales Determine the Reduction in Trade Receivables R R The existing level of trade receivables A new level of trade receivables (70 days) A new level of trade receivables (30 days) Trade receivables reduction A Moving to the next question prevents changes to this answer Question 3 of 6 enou