Save your time - order a paper!
Get your paper written from scratch within the tight deadline. Our service is a reliable solution to all your troubles. Place an order on any task and we will take care of it. You won’t have to worry about the quality and deadlinesOrder Paper Now
Assignment ID: FG133136921
Question – XYZ Corporation has a 10% opportunity cost of funds. The firm has annual sales of $30 million a year, which are 80% on credit and spread evenly over the year. The average collection period is currently 60 days. XYZ is considering to offer terms of “2/10, net 60”. What would be the average collection period, if 70% of its credit sales customers will take the discount?