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The Anthony Company normally takes 30 days to pay for its average daily credit purchases of $2,000. It has average daily sales of $3,000, and collects accounts in 25 days. What is its net credit position
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The Anthony Company normally takes 30 days to pay for its average daily credit purchases of $2,000. It has average daily sales of $3,000, and collects accounts in 25 days. What is its net credit position

User Vangheem
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2 votes

Answer:

The answer is "15000".

Step-by-step explanation:

Receivable account
=3000* 25 =75000\\\\

Payable account
= 2000* 30=60000\\\\

Calculating the net credit position =Receivable account - Payable account


=75000-60000\\\\=15000

User KCE
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