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? Note that a negative position implies receivables exceed payables.
A) $15,000
B) $1,000
C) ($1,000)
D) ($15,000)

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The Answer of 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? Note that a negative position implies receivables exceed payables.
A) $15,000
B) $1,000
C) ($1,000)
D) ($15,000)

Kantorovich Company Normally Takes 30 Days to Pay for Its