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PLEASE SHOW ALL WORK The Bar Company (BC) has current annual credit sales of $36,500 and a current balance in accounts receivable of $1,000. The
PLEASE SHOW ALL WORK
The Bar Company (BC) has current annual credit sales of $36,500 and a current balance in accounts receivable of $1,000. The company has projected annual credit sales of $43,800. If BC wants to reduce the number of days that customers are allowed to pay to 6 days, its projected accounts receivable balance, assuming 365 days in a year, is dlosest to. A. $720 B. $742 C. $833 D. $960 E. $1,000Step by Step Solution
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