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How much the proposed relaxation of credit standards

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Question 1: Northern Company's budgeted sales for the coming year are P40.5 million of which 80% are expected to be credit sales at toms of n/30. Northern estimates that a proposes relaxation of credit standards would increase credit sales by 20% and increase the average collection period form 30 days to 40 days. Based on a 360-day year, the proposed relaxation of credit standards would result in an expected increase in the average accounts receivable balance of how much?

Reference no: EM132899746

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