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    Mervyn's Fine Fashions

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    Mervyn's Fine Fashions has an average collection period of 40 days. The accounts receivable balance is $80,000. What is the value of its credit sales?

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    https://brainmass.com/business/accounting/mervyn-s-fine-fashions-134513

    Solution Summary

    This solution is comprised of a detailed calculation to answer what is the value of Mervyn's Fine Fashions' credit sales.

    $2.49

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