What is the balance in accounts receivable
Question: A company average collections period of 35 days and the firm credit sales for 2021 were 56.4 million. What is the balance in accounts receivable for 2021?
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A company average collections period of 35 days and the firm credit sales for 2021 were 56.4 million. What is the balance in accounts receivable for 2021?
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If interest was 8% for the first two years and 9% for the remaining time, and compounding is quarterly, what is the size of the final payment?
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