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What is the average collection period for car parts

Assignment:

ACP and Accounts Receivable. Car Parts sells parts for cars. Its credit terms are 2/10, net 30. Based on experience, 60% of all customers will take the discount.

a. What is the average collection period for Car Parts?

b. If Car Parts sells 1200 parts every month at a price of $2300 each, what is its average balance sheet amount in accounts receivable?

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Financial Management: What is the average collection period for car parts

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