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saloni

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· 1 Months ago

explain the solution (Question: 187315.0 )

please explain the solution of above question

Question:
The credit policy of Spurling Products is "1.5/10, net 35." At present 30% of the customers take the discount, 62% pay within the net period, and the rest pay within 45 days of invoice. What would receivables be if all customers took the cash discount?
Options:
A) Lower than the present level.
B) No change from the present level. 
C) Higher than the present level.
D) Unable to determine without more information.
E)

None of these

Solution:

Ans (a)

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