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Effective credit management involves establishing credit standards for extending credit to customers, determining the company's credit terms, and setting up procedures for invoicing and collecting past-due accounts. The following statement refers to a credit management policy. Select the best term to complete the sentence. The conditions of the credit sale, including cash discounts and due dates, are indicated by the company's Consider the case of Western Gas & Electric Co.: Western Gas & Electric Co. has a very attractive credit policy, and none of its customers pays in cash when the firm makes a sale. Western Gas & Electric Co. sells to its customers on credit terms of 2/10, net 30. If a customer bought $200,000 worth of goods and paid the firm cash eight days after the sale, how much cash would Western Gas & Electric Co. get from the customer O $165,000 $200,000 $196,000 $160,000 Effective credit management involves establishing credit standards for extending credit to customers, determining the company's credit terms, and setting up procedures for invoicing and collecting past-due accounts. The following statement refers to a credit management policy. Select the best term to complete the sentence. The conditions of the credit sale, including cash discounts and due dates, are indicated by the company's Consider the case of Western Gas & Electric Co.: Western Gas & Electric Co. has a very attractive credit policy, and none of its customers pays in cash when the firm makes a sale. Western Gas & Electric Co. sells to its customers on credit terms of 2/10, net 30. If a customer bought $200,000 worth of goods and paid the firm cash eight days after the sale, how much cash would Western Gas & Electric Co. get from the customer O $165,000 $200,000 $196,000 $160,000