Medwig Corporation has a DSO of 17 days. The company averages $3,500 in credit sales each day. What is the company's average accounts receivables?
What is the nominal and effective cost of trade credit under the credit terms of 3/15, net 30?© BrainMass Inc. brainmass.com June 4, 2020, 12:09 am ad1c9bdddf
This solution assists with determining Medwig's average accounts receivables and determines the nominal and effective cost of trade credit.