Mr. Husker's Tuxedos Corp. ended the year 2021 with an average collection period of 32 days. The firm's credit sales for 2021 were$56.1 million.What is the year-end 2021 balance in accounts receivable for Mr. Husker's Tuxedos? (Enter your answer in dollars not in millions. Use365 days a year.)

Name: Mr. Husker's Tuxedos Corp. ended the year 2021 with an average collec
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Description: Mr. Husker's Tuxedos Corp. ended the year 2021 with an average collection period of 32 days. The firm's credit sales for 2021 were$56.1 million.What is the year-end 2021 balance in accounts receivable for Mr. Husker's Tuxedos? (Enter your answer in

Average collection period is the average number of days required to collect invoiced amount or…

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Business

Accounting

What is the year-end 2021 balance in accounts receivable for Mr. Husker's Tuxedos? (Enter your answer in dollars not in millions. Use 365 days a year.)

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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