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Willow Hill Company purchases merchandise inventory for $10,000 that it then sells on credit at a sales price of $15,000. The amount of cash collected

Willow Hill Company purchases merchandise inventory for $10,000 that it then sells on credit at a sales price of $15,000. The amount of cash collected is only $14,700 due to sales discounts, returns, and other adjustments to the selling price. What is the net effect of completing this cycle

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