Any excess funds can be invested to yield a 5% return and the annual fees for the electronic fund system are $275,000. Determine the net benefit or disadvantage associated with the electronic fund system. (2 marks) ABC Co. has an average collection period of 60 days. Total credit sales for the year were $3,285,000. What is the balance in accounts receivable at year-end? (Use 365 days in a year.) (Average collection period = Accounts receivable/Average daily credit sales) $540,000 $54,750 $109,500 $547,500