ABC Company Limited sells on terms of 3/10, n/30. Sales for the year are $1,200,000 and the collections department estimates that 30 percent of customers pay on the tenth day and take discounts; 40 percent pay on the thirtieth days: and the remaining 30 percent pay, on average, 40 days after the purchase (assume a 360 day-year).What is the current accounts receivable balance? $70,000 $90,000 $80,000 $60,000 ABC Company Limited has an inventory conversion period of 45 days, an accounts receivable collection period of 36 days, and a payables deferral of 35 days (assume a 360 day-year).If ABC Company Limited sales are $4,250,000 and all sales are on credit, what is the firm's investment in accounts receivable? $575,000 $4,250,000 $375,000 $425,000 A firm purchased goods with a purchase price of $2,500 and credit terms of 2/10 net 30. A firm paid for these goods on the 5th day after the date of sale. How much does the firm must pay for the goods? $1,250 $2,475 $2,500 $2,450