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Jiffy Park sells on terms of 2/10, net 30. Total annual sales are $7,750,000. 25% of the customers. pay on the 10th day and take

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Jiffy Park sells on terms of 2/10, net 30. Total annual sales are $7,750,000. 25% of the customers. pay on the 10th day and take discounts, 40% pay in 30 days and the remaining customers pay, on average, 50 days after their purchases. What is the Jiffy Park's accounts receivable balance

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