Essence of Skunk Fragrances, Limited, sells 4,000 units of its perfume collection each year at a price per unit of $500. All sales are on credit with terms of 2/10, net 30. The discount is taken by 70 percent of the customers. What is the amount of the company's accounts receivable? Multiple Choice

Essence of Skunk Fragrances, Limited, sells 4,000 units of its perfume collection each year at a price per unit of $500. All sales are on credit with terms of 2/10, net 30. The discount is taken by 70 percent of the customers. What is the amount of the company's accounts receivable? Multiple Choice

Intermediate Financial Management (MindTap Course List)

13th Edition

ISBN:9781337395083

Author:Eugene F. Brigham, Phillip R. Daves

Publisher:Eugene F. Brigham, Phillip R. Daves

Chapter21: Supply Chains And Working Capital Management

Section: Chapter Questions

Problem 5P: A chain of appliance stores, APP Corporation, purchases inventory with a net price of 500,000 each...

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Question

Essence of Skunk Fragrances, Limited, sells 4,000 units of its perfume collection each i
year at a price per unit of $500. All sales are on credit with terms of 2/10, net 30. The
discount is taken by 70 percent of the customers. What is the amount of the company's
accounts receivable?
Multiple Choice
$54,794.52
$83,287.67
$49,315.07
$87671.23
$92.054.79

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