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Fairweather Umbrellas currently employs three accounts receivable clerks who each earn $28,000 per year. At...

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Accounting

Fairweather Umbrellas currently employs three accounts receivable clerks who each earn $28,000 per year. At what amount of monthly sales would Fairweather consider eliminating its accounts receivable department if it could factor its receivables at 3 percent?

Select the answer from the options below $252,000

$2,800,000

$280,000

$233,333

Answer & Explanation Solved by verified expert
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