Clientele effects impede changing dividend policy

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Reference no: EM131976222

1. Mervyn’s Fine Fashions has an average collection period of 45 days. The accounts receivable balance is $45,000. What is the value of its annual credit sales? (Use a 360-day year.)

2. How would you expect your credit score to be affected if you are a co-signer on another person’s loan?

3. Clientele effects impede changing dividend policy. True False

Reference no: EM131976222

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