Fat Cows Ltd, management is concerned about the company profitability. They have approached you to...
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Accounting
Fat Cows Ltd, management is concerned about the company profitability. They have approached you to assist them with their debtors policy. They company currently makes annual sales of 100 000 units at a selling price of R20 per unit. The total cost per unit is R14., of which R2 of the cost per unit is non-variable. The average collection period is 75 days. Assume a 365 day year. The investment in debtors is closed to
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