Intermediate Financial Management (MindTap Course List)
Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN: 9781337395083
Author: Eugene F. Brigham, Phillip R. Daves
Publisher: Cengage Learning
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Chapter 22, Problem 3MC

1)

Summary Introduction

Case summary:

Person R and his brother person J planned to start a business of wholesale building supply.

Term of sale is net 30 and the brothers are expected to 30% of the customers to pay on the 10th day followed by the sale and 50% on the 40th day, and 20% of the customers on 70th day.

Characters in the case:

  • Person R
  • Person J

To discuss: The factors which influence the receivables level of a firm.

2)

Summary Introduction

To discuss: The factors which influence the dollar cost of carrying receivables.

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