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Manual Company currently employs two accounts receivable clerks who each earn $36,000 per year. At which amount of monthly sales would Manual consider eliminating its
Manual Company currently employs two accounts receivable clerks who each earn $36,000 per year. At which amount of monthly sales would Manual consider eliminating its accounts receivable department if it could factor its receivables at 4 percent?
a. $150,000
b. $288,000
c. $1,800,000
d. $900,000
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