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more company managed to shorten its receivable collection period from four months to 75 days by adopting a lockbox system. the company's annual sales of
more company managed to shorten its receivable collection period from four months to 75 days by adopting a lockbox system. the company's annual sales of 900,000 are not expected to change. assuming that 80% of sales are made on credit, how much is the expected decrease in the balance of accounts receivable?
a. 30,000
b. 37,500
c. 90,000
d. 112,500
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