Mr. Husker's Tuxedos Corp. ended the year 2018 with an average collection period of 42 days....

 

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Mr. Husker's Tuxedos Corp. ended the year 2018 with an average collection period of 42 days. The firm's credit sales for 2018 were $55.1 million. What is the year-end 2018 balance in accounts receivable for Mr. Husker's Tuxedos? (Enter your answer in dollars not in millions.) Accounts receivable Mr. Husker's Tuxedos Corp. ended the year 2018 with an average collection period of 42 days. The firm's credit sales for 2018 were $55.1 million. What is the year-end 2018 balance in accounts receivable for Mr. Husker's Tuxedos? (Enter your answer in dollars not in millions.) Accounts receivable

Answer rating: 100% (QA)

Accounts receivable AR represents the money owed by a companys customers for goods or services that ... View the full answer