Your firm has an average collection period of 41 days
Your firm has an average collection period of 41 days. Current practice is to factor all receivables immediately at a 3 percent discount. What is the effective cost of borrowing in this case? Assume that default is extremely unlikely.
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suppose a project will increase revenues by 300000 a year cost of goods sold averages 40 of revenues other overhead
your firm has an average collection period of 41 days current practice is to factor all receivables immediately at a 3
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capital investment and ethical behaviormanny carson certified management accountant and controller of wakeman
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