HAPPY Company makes credit sales of P1,800,000 annually. The average age of accounts receivable is 30 days. Management consider shortening credit terms to 20 days. Cost of money is 12%. How much will the company save from financing charges? Use 360-day year
HAPPY Company makes credit sales of P1,800,000 annually. The average age of accounts receivable is 30 days. Management consider shortening credit terms to 20 days. Cost of money is 12%. How much will the company save from financing charges? Use 360-day year
Chapter18: The Management Of Accounts Receivable And Inventories
Section: Chapter Questions
Problem 2P
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HAPPY Company makes credit sales of P1,800,000 annually. The average age of
MY ANSWER IS 6,000 AND 12,000. WHAT IS THE CORRECT ANSWER?
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