Credit and collection expenses as a percentage of net credit sales are as follows: Uncollectible accounts 1.6% billing and mailing costs .5% and credit investigation fee on new customers .2%. Sue and Sam also determine that the average accounts receivable balance outstanding during the year is 5% of net credit sales. The Ristics estimate that they could earn an average of 10% annually on cash invested in other business opportunities.InstructionsWith the class divided into groups answer the following.(a) Prepare a tabulation for each year showing total credit and collection expenses in dollars and as a percentage of net credit sales.(b) Determine the net credit and collection expenses in dollars and as a percentage of sales after considering the revenue not earned from other investment opportunities. (Note: The income lost on the cash held by the bank for 3 days is considered to be immaterial.)(c) Discuss both the financial and nonfinancial factors that are relevant to the decision.
Uncategorized
BENCHMARK – EFFECTS OF CHILDHOOD TRAUMA WORKSHEET
Academic Level University Subject Healthcare Type of Paper Other (Not listed) Paper Format APA Assessment Traits Benchmark Requires Lopeswrite Assessment Description Complete the “Effects of Childhood Trauma Worksheet” document attached. While APA format is not Read more…