Suppose that ABC Corp is a client of Fitter Snacker. Their credit limit is $12,500....
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Accounting
Suppose that ABC Corp is a client of Fitter Snacker. Their credit limit is $12,500. The open delivery, open billing and receivables amounts on their account are $2000, $2000 and $7000, respectively. Say, on 10/1, ABC places a sales order for 2000 bars of NRG-A bars at $1.00 per bar for delivery on 12/15. Explain clearly with calculations how you will apply a static check and a dynamic check to this new order on 10/1 and what will be the result in each case. Assume a credit horizon of 60 days.
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