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Assume the following facts about a firm: Projected selling price per unit- $3.70/unit Projected monthly unit sales- 300,000 units Typical receivables balance- 1.5 months of
Assume the following facts about a firm:
Projected selling price per unit- $3.70/unit
Projected monthly unit sales- 300,000 units
Typical receivables balance- 1.5 months of sales
If sales are evenly distributed throughout the year, what is next year's projected ending accounts receivable balance?
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Advanced Finance
Authors: Michael Fardon
1st Edition
1872962319, 1872962173, 978-1872962313, 978-1872962177
