The cost of product X is 30 percent of its selling price, and the carrying cost is 8 percent of selling price. Accounts are paid on average 60 days after sale. Sales per month average P35,000. What is the investment in accounts receivable?  CHOOSE THE ANSWER A. P600.00 B. P6,600.00 C. P19,000.00 D. P16,600.00 E. P26,600.00

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