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Pani-rosa [81]
3 years ago
11

Mervyn's fine fashions has an average collection period of 30 days. the accounts receivable balance is $36,000. what is the valu

e of its annual credit sales
Business
1 answer:
Jlenok [28]3 years ago
8 0

$438,000

Average Daily Sales = $36,000/30  = $1200

$1200 per day * 365 days per year = $438,000

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