An aircraft seat manufacturer generates $500,000 in monthly sales, with 95 percent of sales done on credit.
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An aircraft seat manufacturer generates $500,000 in monthly sales, with 95 percent of sales done on credit. Assuming that the cost of debt is 6 percent, what is the manufacturer's monthly cost of carrying accounts receivable?
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Muhammad Umair
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Related Book For 
Foundations Of Airline Finance
ISBN: 9780415743259
2nd Edition
Authors: Bijan Vasigh, Kenneth Fleming, And Barry Humphreys
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