Question
a firm with sales of $16,000,000 has inventory of 1,800,000 dollars. The firm has no cash sales all sales are on credit and are collected
a firm with sales of $16,000,000 has inventory of 1,800,000 dollars. The firm has no cash sales all sales are on credit and are collected within 55 days you are willing to sell inventory to the frame on credit provided that you will be paid within 53 days should you sell to this firm on credit? assume there are 365 days in a year discussion is more acceptable than it appears think through all the given information round your answer to the nearest whole number. On average it will take you ____ days to receive the payment therefore you should or should not sell to the firm on credit?
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