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If the firms variable cost of the $40000000 in sales is 80% determine the reduction in the average investment in accounts receivable and the annual savings that will result from this reduced

If the firm's variable cost of the $40,000,000 in sales is 80%, determine the reduction in the average investment in accounts receivable and the annual savings that will result from this reduced investment, assuming that sales remain constant.<?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" />

 

 

(4) If the firm's bad-debts expenses decline from 2% to 1.5% of sales, what annual savings will result, assuming that sales remain constant?

 

 

May 14 2020 View more View Less

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