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Accounts Receivable (AR) receives an average of 1003 payments per week. Assume that the checks coming in are either small or large. Small checks are for an average of $477 and large checks are for an average of $5091. 20% of the checks coming in are large with the rest being small. Currently no distinction is made between the large and small checks. As a result 20% of the checks waiting to be processed are large. The total inventory in cash will be ......

Financial Management, Finance

  • Category:- Financial Management
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