Question
Mr. Huskers Tuxedos Corp. ended the year 2015 with an average collection period of 33 days. The firms credit sales for 2015 were $56.0 million.
Mr. Huskers Tuxedos Corp. ended the year 2015 with an average collection period of 33 days. The firms credit sales for 2015 were $56.0 million. What is the year-end 2015 balance in accounts receivable for Mr. Huskers Tuxedos? (Round your answer to the nearest whole dollar. Use 365 days a year.) Accounts receivable $
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Money Banking And Financial Markets
Authors: Stephen Cecchetti, Kermit Schoenholtz
3rd Edition
007337590X, 9780073375908
