What the new receivables amount once the discount is made

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Reference no: EM134008110

Problem

You are trying to calculate what the change in receivables in your company is going to be if you offer up a discount to customers paying in 10 days rather than the usual 30. Your yearly sales revenue is $5 Million. Get the instant assignment help. You estimate that 20% of customers will pay early; the rest will pay in 30 days. What should be the new receivables amount once the discount is made?

Reference no: EM134008110

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