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Category > Business & Finance Posted 13 Jul 2017 My Price 8.00

Terms of the Sale

Terms of the Sale

1. The North County Publishing Company has provided the following data:

Annual credit sales = $10 million

Average collection period = 60 days

Terms: Net 30

Interest rate = 10%

North County Publishing proposes to offer a discount policy of 2/10, net 30. It anticipates that 50 percent of its customers will take advantage of this new policy. As a result, the collection period will be reduced to 30 days. Should the North County Publishing Company offer the new credit terms?

2. The Webster’s Company sells on credit terms of net 45. Its accounts are on average 45 days past due. If annual credit sales are $5 million, what is the company’s balance in accounts receivable?

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Homework Helper
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Status NEW Posted 13 Jul 2017 04:07 PM My Price 8.00

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