What is the average collection period


Miyagi Data, Inc., sells earnings forecasts for Japanese securities. Its credit terms are 1/10, net 30. Based on experience, 65 percent of all customers will take the discount. What is the average collection period?

Solution Preview :

Prepared by a verified Expert
Finance Basics: What is the average collection period
Reference No:- TGS0670988

Now Priced at $5 (50% Discount)

Recommended (96%)

Rated (4.8/5)