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Hideki is the CFO of Matsuyama Golf Balls Inc. Total credit sales for the year were $3,000,000. MGBI has an average collection period of 60

Hideki is the CFO of Matsuyama Golf Balls Inc. Total credit sales for the year were $3,000,000. MGBI has an average collection period of 60 days. What is the balance in accounts receivable at year-end?

Select one: A. $50,000 B. $100,000 C. $500,000 D. $80,000

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