The age of an account receivable is the length of time that it has been...
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Accounting
The age of an account receivable is the length of time that it has been outstanding. At the end of October, a firm has $14,700 in receivables that are 30 days old, $8000 in receivables that are 60 days old, and $1,300 in receivables that are 90 days old. What is the average age of its accounts receivable at the end of October?
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