Tuscany style a furniture company has a current credit, Risk Management

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Tuscany style a furniture company has a current credit

Tuscany Style, a furniture company, has a current credit policy of 2/10, n20. It estimates under this policy that 25 percent of its customers will take advantage of the discount, 60 percent will pay within 20 days, and the remaining customers will pay within 30 days. What is its average collection period (ACP)?

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Risk Management: Tuscany style a furniture company has a current credit

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Risk Management: Tuscany style a furniture company has a current credit

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