Question

New Media Sign Incorporated sells on account. Recently, New reported the following figures:
Requirements
1. Compute News days’ sales in receivables for 2016. (Round to the nearest day.)
2. Suppose News normal credit terms for a sale on account are “2/10, net 30.” How well does News collection period compare to the company’s credit terms? Is this good or bad for New?


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  • CreatedJune 15, 2015
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