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    Average value of unpaid bills

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    On average, it takes Microlimp's customers 60 days to pay their bills. If Microlimp has annual sales of $500 million, what is the average value of unpaid bills?

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    Solution Preview

    The customers pay their bills in 60 days. In order to find the value of unpaid bills, we need to find out what is the value of the ...

    Solution Summary

    The solution explains how the calculate the accounts receivable balance given the number of days taken by the customers to pay their bills