How will this charge in policy affect accounts receivable

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Reference no: EM131016284

Suppose a corporation sells 5,000 units of a product each year at a price per uit of $380. All sales are on credit with terms of 1/10, net 30. The discount is taken by 35 percent of th customers. What is th amount of the company's account receivable? Next, in reaction to sales by its main competitor the company is considering a change in its credit policy to terms of 3/10 net 30 to preserve its market share how will this charge in policy affect accounts receivable?

Reference no: EM131016284

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How will this charge in policy affect accounts receivable : Suppose a corporation sells 5,000 units of a product each year at a price per uit of $380. All sales are on credit with terms of 1/10, net 30. The discount is taken by 35 percent of th customers. What is th amount of the company's account receivable?..

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