BlackDays3654 BlackDays3654

08-01-2024
Business

contestada

If the firm wishes to maintain an average collection period of 50 days, what level of accounts receivable should it carry? (Assume a 365-day year.)
(a) 7.3 times the daily sales
(b) 50 times the daily sales
(c) 365 times the daily sales
(d) 50 times the annual sales

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