Question
Queen Corporation sells on terms of 2/10, 1/30. 70% of customers normally avail of the discounts. Annual sales are P 900,000, 80% of which is
Queen Corporation sells on terms of 2/10, 1/30. 70% of customers normally avail of the discounts. Annual sales are P 900,000, 80% of which is made on credit. Cost is approximately 75% of sales.
REQUIRED
a) Average balance of accounts receivable
b) Average investment in accounts receivable.
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Personal Finance
Authors: Jack Kapoor, Les Dlabay, Robert Hughes, Melissa Hart
14th Edition
1264101597, 9781264101597
