Bumpting inc offers credit terms of 210 net 30 if a, Ask an Expert

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Bumpting Inc. offers credit terms of 2/10, net 30 If a customer bought $100,000 worth of goods and paid the firm within 6 days, how much cash would Bumpting receive? If the customer paid off the account after 20 days, how much cash would the Bumptings get? If 20% of Bumptings customers pay within 10 days and the rest take an average of 35 days to pay off their accounts what will be the firm's average collection period?

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Financial Management, Finance

Category:- Financial Management
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