ave age of accts receivable is 30 days; if cut by 10 days,

[meimeiX]

Doria's Corporation makes sales of $2,160,000 per annum. The average age of accounts recievable is 30 days. Management considers shortening credit terms by 10 days. Cost of money is 18%

how much will the company save from financing charges?(assume 360-day per year)

please show solution..so that i can understand..i really need it,my teacher do not teach..hehe....thank you very much!

 

[stapel]

please show solution..so that i can understand..i really need it,my teacher do not teach..

You already have worked examples in your textbook. Since you aren't getting classroom lessons, and since the lessons in your book have not proved sufficient, obviously one more worked example won't likely "explain" the material to you. What you have indicated you need is actual course instruction.

Unfortunately, it is not reasonably feasible to attempt here to provide those missing weeks of course lectures. Sorry!

Please list recent topics of study (the section titles from your book might be helpful for this), so that you can be provided with lists of links to lessons from which you can learn this material. Thank you!