Question $13(10$ points$)$

A company can estimate its number of days receivables, sometimes called the

"Receivables Period" or "Average Collection Period" by the following ratio:

$\frac{365}{\text{A}\text{c}\text{c}\text{o}\text{u}\text{n}\text{t}\text{s}\text{R}\text{e}\text{c}\text{e}\text{i}\text{v}\text{a}\text{b}\text{l}\text{e}\text{s}\text{T}\text{u}\text{r}\text{n}\text{o}\text{v}\text{e}\text{r}}$

This ratio provides an estimate of the average number of days it takes customers to pay their invoices.

Suppose a company has the following data:

Ending Accounts Receivables at the end of the current fiscal year $=$

$$24,600.$

On average, it took customers $21$ days to pay their invoices during the fiscal

year.

Based on the above information, calculate the total value of credit sales made

during the fiscal year. $[$Express your answer rounded to the closest dollar, with NO decimal places $($ie$.4567)]$

Credit Sales: $