Question
A firm's sales amount to P 1,200,000. Sales terms are being revised from n/60 to n/45 and sales are expected to decrease by 15%. How
A firm's sales amount to P 1,200,000. Sales terms are being revised from n/60 to n/45 and sales are expected to decrease by 15%. How much is the increase/decrease in receivables as a result of this change?
a. - 52,500
b. 50,000
c. - 72,500
d. 60,000
provide a solution
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Quantitative Methods For Business
Authors: Donald Waters
5th Edition
273739476, 978-0273739470
