Ex2. Hoanghon.LMT
Ex2. Hoanghon.LMT
Completion requirements
Opened: Tuesday, 11 February 2020, 12:00 AM
Due: Tuesday, 18 February 2020, 12:00 AM
Hoanghon.LMT has
sales of $200,000
and
accounts receivable days of 45. it pays overdraft interest at 18%
It
is
considering a discount of 3% to customers who pay within 10 days. It
is estimated that 60% of
customers will take the discount.
Required: Calculate
the
impact on annual profit of the discount