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Mighty Ltd had monthly cash sales of R5 000, credit sales of R 6 000 and outstanding accounts receivable was R 1175. 3.1.1 Calculate average

Mighty Ltd had monthly cash sales of R5 000, credit sales of R 6 000 and outstanding accounts receivable was R 1175.

3.1.1 Calculate average collection period.

3.1.2 If the payment terms were 30 days net, is the average collection calculated above a favourable or unfavourable one and Why?

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