Question: Problem 7-23 Credit policy decision with changing variables (L07-4) Dome Metals has credit sales of $468.000 yearly. If Dome offers a 3 percent discount for

Problem 7-23 Credit policy decision with changing variables (L07-4) Dome Metals has credit sales of $468.000 yearly. If Dome offers a 3 percent discount for payment in 10 days, what will the average accounts recevable balance be? Assume all customers would pay on the last day of the discount period. (Use a 360-day year.) Average receivables balance

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