Question
The credit policy of Spurling Products is 1.5/10, net 35. At present 30% of the customers take the discount, 62% pay within the net period,
The credit policy of Spurling Products is "1.5/10, net 35." At present 30% of the customers take the discount, 62% pay within the net period, and the rest pay within 45 days of invoice. What would receivables be if all customers took the cash discount?
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Practical Law Office Management
Authors: Cynthia Traina Donnes
4th Edition
1305577922, 978-1305577923
