Description of this paper

The Green Hornet sells earnings forecasts for

Description

solution


Question

The Green Hornet sells earnings forecasts for international securities. Its credit terms are 2/10, net 30. Based on experience, 55 percent of all customers will take the discount. The firm sells 2,600 forecasts every month at a price of $1,100 each. What is the firm's average balance sheet amount in accounts receivable?

 

Paper#33935 | Written in 18-Jul-2015

Price : $27
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