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Dynamix, Inc. has credit sales of $380,000 annually. A proposed change in credit policy is expected to increase ACP from 34 days to 61 days.
Dynamix, Inc. has credit sales of $380,000 annually. A proposed change in credit policy is expected to increase ACP from 34 days to 61 days.
a) By how much will A/R increase if there is no expected increase in sales?
b) By how much will A/R increase if there is an expected increase of 15% in net credit sales?
a) By how much will A/R increase if there is no expected increase in sales?
b) By how much will A/R increase if there is an expected increase of 15% in net credit sales?
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a To calculate the increase in accounts receivable AR if there is no expected increase in sales we n...
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Contemporary Financial Management
Authors: James R Mcguigan, R Charles Moyer, William J Kretlow
10th Edition
978-0324289114, 0324289111
