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Final Exam

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Question $10(2$ points$)$

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Daan $4.$

An inflatables rental company bills $$3$ million worth of rental equipment per year. The average dollar amount observed in accounts receivable is $$480,000.$ What is the average time elapse in months from when a customer is billed until money is received by the company?

$1\mathrm{.}8$

$15\mathrm{.}0$

$1\mathrm{.}9$

$18\mathrm{.}0$

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