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7. Dahlia, Inc. sells to wholesalers on terms of 2/15, n/30. Dahlia has no cash sales, but 50% of Dahlia's customers take advantage of the
7. Dahlia, Inc. sells to wholesalers on terms of 2/15, n/30. Dahlia has no cash sales, but 50% of Dahlia's customers take advantage of the discountDahlia uses the gross method of recording sales and trade receivables. An analysis of Dahlia's trade receivables balances at December 31, 20X3 revealed the following. Percent Collectible Age Amount s 0-15 days 16-30 days 3160 days Over 60 days 100,000 60,000 5,000 2,500 100% 95% 90% 20% - Totals 167,500
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