Jam Electronics sells on terms of net 30 days, but its accounts receivable average 20...
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Jam Electronics sells on terms of net 30 days, but its accounts receivable average 20 days overdue. Assuming a 360-day year and annual credit sales of P1.8 million, the book value of Jam's receivable is OP250,000 OP150,000 CP50,000 OP100.000
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