Problem $8-10$

Sampson Orange Juice Company normally takes $30$ days to pay for its average daily credit purchases of $$7,500.$ Its average daily sales are $$9,000,$ and it collects its accounts in $34$ days.

a$.$ What is its net credit position? $($Do not round intermediate calculations.$)$

Net credit position

$

b$.$ If the firm extends its average payment period from $30$ days to $45$ days $($and all else remains the same$),$ what is the firm's new net credit position? $($Negative answer should be indicated by a minus sign. Do not round intermediate calculations.$)$

New net credit position

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