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Answered

Kantorovich company normally takes 30 days to pay for its average daily credit purchases of $2,000. its average daily sales are $3,000, and it collects accounts in 25 days. what is its net credit position

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Answer:

Accounts receivable = 3000 * 25 Accounts receivable = 75,000 Accounts payable = 2000 * 30 Accounts payable = 60,000 Net credit position = accounts receivable

Explanation:

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