Abc has decided to extend the terms of its trade credit, Financial Management

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Abc has decided to extend the terms of its trade credit

In order to expand its sales, ABC has decided to extend the terms of its trade credit from "net 10" to "net 15". ABC thinks that its sales will be $1,071,000 next year following this change. How much will ABC's accounts receivable increase as a result of this change? Please show work and formula used.

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Financial Management: Abc has decided to extend the terms of its trade credit

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Financial Management: Abc has decided to extend the terms of its trade credit

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