A firm is planning to lower its acp by ten days next year, Ask an Expert

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A firm is planning to lower its ACP by ten days next year. Receivables are currently $15M on credit sales of $120M Credit sales are expected to grow by 20% next year. Calculate next year's ending receivables balance (make calculations using ending balances and a 360 day year).

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Category:- Basic Finance
Reference No.:- M9866664

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