Problem: Braswell Associates has a DSO of 52 days, and its annual sales are $8,600,000.  What is its accounts receivable balance?  Assume it uses a 365-day year. a. $453 b. $165,385 c. $1,225,205 d. $447,200,000 e. $695,295

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Braswell Associates has a DSO of 52 days, and its annual sales are $8,600,000.  What is its accounts receivable balance?  Assume it uses a 365-day year.

a. $453

b. $165,385

c. $1,225,205

d. $447,200,000

e. $695,295

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What scientific concept do you need to know in order to solve this problem?

Our tutors have indicated that to solve this problem you will need to apply the Ratios: Average Collection Period (Days Sales Outstanding) concept. You can view video lessons to learn Ratios: Average Collection Period (Days Sales Outstanding). Or if you need more Ratios: Average Collection Period (Days Sales Outstanding) practice, you can also practice Ratios: Average Collection Period (Days Sales Outstanding) practice problems.

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