Determining the average receivables balance
Dyl Pickle Inc. had credit sales of $3,600,000 last year and its days sales outstanding was DSO = 35 days. What was its average receivables balance, based on a 365-day year.
a) 07,342
b) 62,466
c) 00,329
d) 03,890
e) 45,205
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If the required rate of return was 6.3%, how much will you have to pay for the policy? Not understanding with the indefinitely?
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