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Honest Joe Corp. reported annual sales of $15,500,000. In the past AC's customers have paid within an average of 35 days. AC's management is considering

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Honest Joe Corp. reported annual sales of $15,500,000. In the past AC's customers have paid within an average of 35 days. AC's management is considering allowing customers to pay in 40 days. (P not use punctuation marks like commas, periods, decimals or S signs. Round off your answer to the next dollar. If the answer is 10.50 make it 11) If the company increases its collection period to 40 days its average AR will increase to $ Numeric Response

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