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    If the Collection Period of a Company Is 30 Days,and
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If the Collection Period of a Company Is 30 Days,and

Question 48

Question 48

Multiple Choice

If the collection period of a company is 30 days,and the average receivables are $80,000 what is the total amount of the credit sales? (Round all calculations to the nearest dollar.)


A) $2,667
B) $10,950
C) $941,935
D) $973,455

Correct Answer:

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