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The current terms of sale are 1 / 1 0 , net 4 0 days, 3 0 % of the customers pay in 1 0

The current terms of sale are 1/10, net 40 days, 30% of the customers pay in 10 days and the remaining customers pay in 40 days. If the firm changes the terms of sale to 1/10, net 30 days and the customers' payment pattern does not change, supposing the firm's annual sales are $10,000, how do the receivables change? (Use 365 days per year)
Question 21 options:
Receivables fall by $195.67
Receivables fall by $211.13
Receivables fall by $191.78
Receivables increase by $191.78
Receivables increase by $211.13

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