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nnual credit sales of Nadak Co. total $332.6 million. The firm gives a 1.75% cash discount for payment within 10 days of the invoice date;
nnual credit sales of Nadak Co. total $332.6 million. The firm gives a 1.75% cash discount for payment within 10 days of the invoice date; 85% of Nadak's accounts receivable are paid within the discount period. |
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(a) | What is the total amount of cash discounts allowed in a year?(Enter your answer in millions (e.g., 32.12)). Round your answer to 3 decimal places.) |
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