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Given the following information, calculate the firm's annual cost of resources in accounts receivable: ACP = 24.1 days Annual Sales = $350,000 Variable cost ratio

Given the following information, calculate the firm's annual cost of resources in accounts receivable: ACP = 24.1 days Annual Sales = $350,000 Variable cost ratio of 47% Required return = 13%

a. $3,004.25 b. $1,412.00 c. $12,784.03 d. $6,392.01 e. $10,861.51

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