A company offers a 10 percent discount, the company’s average collection period drops to 32 days, if net sales are…
A company offers a 10 percent discount, the company’s average collection period drops to 32 days, if net sales are 1,179,000, what would be the new accounts receivable balance? How much cash was freed up by the reduction in accounts receivable? What is the new accounts payable blance if the money is used to pay off suppliers?
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