Abcrsquos credit terms are 16 net 35 based on experience 33


ABC’s credit terms are 1/6, net 35. Based on experience, 33 percent of all customers take the discount. ABC has annual credit sales of $177,457. What is the average investment in accounts receivable as shown on the balance sheet?

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Financial Management: Abcrsquos credit terms are 16 net 35 based on experience 33
Reference No:- TGS01711226

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