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Determine the average balance of accounts receivable

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Reference no: EM132981098

Question - Queen Corporation sells on terms of 2/10, 1/30. 70% of customers normally avail of the discounts. Annual sales are P 900,000, 80% of which is made on credit. Cost is approximately 75% of sales.

REQUIRED -

a) Determine the Average balance of accounts receivable?

b) Determine the Average investment in accounts receivable?

Reference no: EM132981098

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