Question 4 A caterer in Leeuwarden has the following payment terms: Payment must be made within 1 month of the invoice date. A 1.5% discount is given if paid in cash. Sales are budgeted to be 1,520,000 per year. 75% of all the sales are sold on account. 2% of the sales on account will never be received. Sales are spread evenly across the year. a. Calculate the expected average accounts receivable, assuming all the debtors pay within the term of 1 month. b. It seems to be those actual average accounts receivable is 142,500. Calcu- late the average credit period (days sales outstanding). c. Calculate the annual discount that is extended for cash payment. d. Calculate the annual loss due to uncollectible receivables