What is the relationship between the terms that danny is, Finance Basics

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What is the relationship between the terms that danny is

Danny's Company gives terms of 2/10, n/30. Danny has annual credit sales of $950,000 and average accounts receivable of $130,000.

a. What is Danny's accounts receivable turnover?

b. What is Danny's average daily collection?

c. What is the relationship between the terms that Danny is giving and his average daily collection?

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Finance Basics: What is the relationship between the terms that danny is

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Finance Basics: What is the relationship between the terms that danny is

Reference No:- TGS0604089

Recent Questions Asked Finance Basics

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