If the firm wishes to get its factoring costs below 11 what


For the year just ended, james' drafting supplies had average accounts receivable of $880,000 and total sales of $4800,000. Throught the year, a factor purchased accounts receivable from thr firm at a 2% discount. If the firm wishes to get its factoring costs below 11%, what is the maximum days in receivables it can have?

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Finance Basics: If the firm wishes to get its factoring costs below 11 what
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