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July 3, 2015

Homework Help: college-Finance

Posted by meimei on Sunday, March 8, 2009 at 4:13am.

any help? thank you


Diazstar corporation sells on terms of 2/10, n/30. 70% of costumers normally avail of the discounts. annual sales are $900,000. 80% of which is made on credit. Cost is approximately 75% of sales.

required:
1. average balance in accounts receivable.
2. average investment in accounts receivable.

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