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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 net days, of the customers pay in days and the remaining customers pay in days. If the firm changes the terms of sale to net days and the customers' payment pattern does not change, supposing the firm's annual sales are $ how do the receivables change? Use days per year
Question options:
Receivables fall by $
Receivables fall by $
Receivables fall by $
Receivables increase by $
Receivables increase by $
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