x company sells on terms of 210 net 40 gross


X company sells on terms of 2/10, net 40. Gross sales last year were $4.5 million and accounts receivable averaged $ 437,500. Half of X''s customers paid on day 10 and took discounts. What isthe cost of trade credit to X''s nondiscount customers?

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Financial Management: x company sells on terms of 210 net 40 gross
Reference No:- TGS0221794

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