Swift Media Sign Company sells on account. Recently, Swift reported these figures: Required 1. Compute Swift Media
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1. Compute Swift Media Sign Company's days' sales in average receivables for 2014.
2. Suppose Swift's normal credit terms for a sale on account are "2/10, net 30." How well does Swift's collection period compare to the company's credit terms? Is this good or bad for Swift? Explain.
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Related Book For
Accounting Volume 1
ISBN: 978-0132690096
9th Canadian edition
Authors: Charles T. Horngren, Walter T. Harrison, Jo Ann L. Johnston, Carol A. Meissner, Peter R. Norwood
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