Cu 24 JKH has credit sales of 1,200,000 per annum and its customers pay, on average, after 50 days. In order to reduce its bank overdraft, JKH had decided to otter customers paying within 20 days JKH's bank overdraft is financed at a cost of 5% per annum If all of JKH's customers took advantage of this discount, the effect on annual profit (assuming a 360-day year) is: A 24.000 decrease B. 5,000 increase C. 19,000 decrease D. 5,000 decrease 25. An asset purchased by an IT company on 1 january 20X1 for $280000 and has been depreciated on a straight-line basis by 28000 per annum. The asset is expected to be sold on 31 december 20X6 for 60% of its book value at that date. What is the net cash inflow that will appear in the cash budget for december? a. $28000 b. $112000 c. $168000 d. $67200