Abc investment in accounts receivable, Accounting Basics

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Abc investment in accounts receivable

Problem:

United International Inc. has average weekly sales of $55,000 and an ACP (average collection period) of 30 days.

Required:

Question: If the company is open 5 days per week, what is ABC's investment in accounts receivable?

Note: Provide support for your underlying principle.

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Accounting Basics: Abc investment in accounts receivable

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Accounting Basics: Abc investment in accounts receivable

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