Grunewald industries sells on terms of 210 net 40 gross, Financial Management

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Grunewald industries sells on terms of 210 net 40 gross

Grunewald Industries sells on terms of 2/10, net 40. Gross salse last year were $4,562,500 and accounts recivable averaged $437,500. Half of customers paid on the 10th day and took discount. Another half on 40th day. What is effective cost. Sales based on a 365 day year

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Financial Management: Grunewald industries sells on terms of 210 net 40 gross

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