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April 20, 2014

Homework Help: college finance

Posted by meimei on Sunday, March 8, 2009 at 4:50am.

hey...last one please..please...the accelerating colection..please...

Doria's Corporation makes sales of $2,160,000 per annum. The average age of accounts recievable is 30 days. Management considers shortening credit terms by 10 days. Cost of money is 18%

how much will the company save from financing charges?(assume 360-day per year)

.thank you very much!thank you!

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