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Question 7 3 pts Yana and Ursula's Corporation (traded as YUC on the NASDAQ) have annual credit sales of $255,000. Their credit terms are
Question 7 3 pts Yana and Ursula's Corporation (traded as YUC on the NASDAQ) have annual credit sales of $255,000. Their credit terms are 2/18, net 30. Additionally, 50% of their customers take the discount and pay on day 18, and 50% of their customers pay on day 30. (Assume a 360 day year) If a new and aggressive competitor enters their market area, what is likely to happen to their accounts receivable balance calculated in the prior question, all else the same? It will stay the same not enough data provided It will become larger It will become less O It will be proportional to the inverse of the average collection period
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