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30% pay on Day 10 (month of sale). 50% pay on Day 40 (month after sale). 20% pay on Day 70 (2 months after sale).
30% pay on Day 10 (month of sale). 50% pay on Day 40 (month after sale). 20% pay on Day 70 (2 months after sale). Annual sales =$1,000,000.
What is the expected average accounts receivables level?
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Fundamentals Of Multinational Finance
Authors: Michael Moffett
6th Global Edition
1292215216, 978-1292215211
