What is the allen company average investment
Question:
The Allen Company has monthly credit sales of $600,000. The average collection period is 90 days. The cost of production is 70 percent of the selling price. What is the Allen Company's average investment in accounts receivable?
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If the capital gains tax is lower than the tax on dividends, which investor has the better position:
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What is the Allen Company's average investment in accounts receivable?
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