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What will the average accounts receivable balance be

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Reference no: EM132877760

Question - Dome Metals has credit sales of $396,000 yearly. If Dome offers a 3 percent discount for payment in 18 days, what will the average accounts receivable balance be? Assume all customers would pay on the last day of the discount period. (Use a 360-day year.)

Reference no: EM132877760

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