On average, your firm sells $26,400 of items on credit each day. The firm's average operating cycle is 41 days and it acquires and sells inventory, on average, every 24 days. What is the average accounts receivable balance

Acorporation a. can use different depreciation methods for tax and financial reporting purposes b. must use the straight - line depreciation method for tax purposes and double declining depreciation method financial reporting purposes c. must use different depreciation method for tax purposes, but strictly mandated depreciation methods for financial reporting purposes d. can use straight- line depreciation method for tax purposes and macrs depreciation method financial reporting purposes