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suppose a firm currently has terms of .21 sales net 60 and an average collection period (ACP) of 60 days. if it offers terms
suppose a firm currently has terms of .21 sales net 60 and an average collection period (ACP) of 60 days. if it offers terms of 2/20 net 60,then perhaps 20 percent of its customer (in term of volume of purchases) will pay in 20 days. what is the new average * collection period 2 ) days 52 days 50 days 49 days 51 non of the above
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Financial Accounting The Impact On Decision Makers
Authors: Gary A. Porter, Curtis L. Norton
10th Edition
1305793196, 978-1305793194
