XYZ Company's credit terms are 1/4 net 39.
Question # 00523365
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Updated on: 05/07/2017 12:41 AM Due on: 05/07/2017
- QUESTION 9 XYZ Company's credit terms are 1/4 net 39. The company estimates that 61% of the customers will take the cash discount. What is the average collection period?
- Enter your answer rounded off to TWO decimal points.
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Solution: XYZ Company's credit terms are 1/4 net 39.