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Essence of Skunk, Fragrances, Ltd, sells 6, 900 units of its perfume collection each year at a price per unit of $399. All sales are
Essence of Skunk, Fragrances, Ltd, sells 6, 900 units of its perfume collection each year at a price per unit of $399. All sales are on credit with terms of 230, net 50. The discount is taken by 50 percent of the customers. What is the amount of the company's accounts receivable? In reaction to sales by its main competitor, Spray. Essence of Skunk is considering a change in its credit policy to terms of 4/20, net 540 to preserve its market share. Will this change in policy increases or decrease accounts receivable
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