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Snider Industries sells on terms of 3/10, net 45. Total sales for the year are $1,800,000. Thirty percent of customers pay on the 10th day
Snider Industries sells on terms of 3/10, net 45. Total sales for the year are $1,800,000. Thirty percent of customers pay on the 10th day and take discounts; the other 70% pay, on average, 50 days after their purchases. Assume 365 days in year for your calculations.
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