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Mr. Husker's Tuxedos Corp. ended the year 2012 with an average collection period of 42 days. The firm's credit sales for 2012 were $57.1 million. What is the year-end 2012 balance in accounts receivable for Mr. Husker's Tuxedos?
Basic Finance, Finance
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What are some key factors needed for consideration in choosing a business location and why is location a key finance factor for most businesses?
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