What is dannys average daily collection

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Reference no: EM13265375

Danny's Company gives terms of 2/10, n/30. Danny has annual credit sales of $950,000 and average accounts receivable of $130,000.

a. What is Danny's accounts receivable turnover?

b. What is Danny's average daily collection?

c. What is the relationship between the terms that Danny is giving and his average daily collection?

Reference no: EM13265375

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