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Topaz Inc. has accounts receivable terms of 2/10, n/30. In the past, 50% of Topaz's customers have taken advantage of the discount and paid
Topaz Inc. has accounts receivable terms of 2/10, n/30. In the past, 50% of Topaz's customers have taken advantage of the discount and paid within 10 days of the invoice date, and the remaining 50% of customers have paid in full within 30 days of the invoice date. However, due to economic conditions this year, 30% of customers have paid within 10 days, 60% of customers have paid within 30 days, and the remaining 10% of customers have paid within 40 days. What steps might Topaz consider to speed up collection of its accounts receivable? BIU T T Ix !!! E III = = = 99 MT 0Word(s)
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