Question: Q2. Let's consider that the billing cycle for a company is 60 days and they invoice on average $5000 per day. What is the average

Q2. Let's consider that the billing cycle for a company is 60 days and they invoice on average $5000 per day. What is the average total dollar amount of outstanding invoices that they carry? (Hint: Please consider Little's formula). Please specify your calculation process with an answer (If you do not specify, only 0.5 pts).

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