What is the level of accounts receivable, Finance Basics

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What is the level of accounts receivable

Cooper Office Supplies is considering a more liberal credit policy in order to increase sales. The following data is available for the company:

Uncollectable new accounts 8%

Collection costs (% of new sales) 6%

Production and selling costs 77%

Accounts receivable turnover 5

Income taxes 34%

Expected increase in sales $78,000 due to the liberal credit policy

a. What is the level of accounts receivable needed to support this sales expansion?

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Finance Basics: What is the level of accounts receivable

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Finance Basics: What is the level of accounts receivable

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Recent Questions Asked Finance Basics

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Request for Solution File

Ask an Expert for Answer!!

Finance Basics: What is the level of accounts receivable

Reference No:- TGS048860

Recent Questions Asked Finance Basics

Q : Actual value of money contract in today dollars

Q : What is the actual value of money contract

Q : How much of the accounting department costs will allocated

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