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Essence of Skunk Fragrances, Limited, sells 9 , 3 0 0 units of its perfume collection each year at a price per unit of $
Essence of Skunk Fragrances, Limited, sells units of its perfume collection each year at a price per unit of $ All sales are on credit with terms of net The discount is taken by percent of the customers.
a What is the amount of the company's accounts receivable?
Note: Do not round intermediate calculations and round your answer to decimal places, eg
b In reaction to sales by its main competitor, Sewage Spray, Essence of Skunk is considering a change in its credit policy to terms of net to preserve its market share. Will this change in policy increase or decrease accounts receivable?
a Average receivables
b Accounts receivable
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