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    maandpa1227 Posts: 17, Reputation: 1
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    Aug 30, 2007, 01:14 PM
    Accounts receivables
    Mervyn’s Fine Fashions has an average collection period of 40 days. The accounts receivable balance is $80,000. What is the value of its credit sales?

    Is this right?

    40 / 80,000 = $2,000

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