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[solution]: 4. Size of Accounts Receivable Skye Flyer, Inc., has weekly credit sales of $17,300, and the...


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4.        Size of Accounts Receivable   Skye Flyer, Inc., has weekly credit sales of $17,300, and the average collection period is 36 days. What is the average accounts receivable figure? 5.        Terms of Sale   A firm offers terms of 1y10, net 30. What effective annual interest rate does the firm earn when a customer does not take the discount? With- out doing any calculations, explain what will happen to this effective rate if: a.   The discount is changed to 2 percent. b.   The credit period is increased to 45 days. c.    The discount period is increased to 15 days.  

 


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