Question: Day Activity Cash effect May 15 Jun 30 Jul 15 Sep10 Receive 20 cases of designer pens Pay for pens Sell pens on credit Collect

Day Activity Cash effect May 15 Jun 30 Jul 15 Sep10 Receive 20 cases of designer pens Pay for pens Sell pens on credit Collect receivables none $3,250 none $10,500 How many days are in the accounts receivable period? ) 46 days ) 57 days ) 61 days ) 72 days 118 davs

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