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Business, 04.10.2019 19:10 SignoraPenguino

Tcbw last year had an average collection period (days sales outstanding) of 36 days based on accounts receivable of $380,000. all of the firm's sales are made on credit. the firm expects sales this year to be the same as lat year. however, the company has begun a new credit policy that should lower the average collection period to 26 days. if the new average collection period is attained, what will the firm's accounts receivable balance equal?

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