Debtors at the year-end are $40 000. It is planned to double turnover in the next year
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Debtors at the year-end are $40 000. It is planned to double turnover in the next year and to reduce the debtors' collection period from 45 days to 30 days.
What will the debtors be at the end of the next year?
A. $26 667
B. $53 334
C. $60 000
D. $80 000
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Step by Step Answer:
To calculate the debtors at the end of the next year we can use the following formula Debtors ...View the full answer
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