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in Silas: Attempt 1 Antonio Co. assigned $800,000 of accounts receivable to Snappy Finance Co. as security for a loan of $670,000 Snappy charged a

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in Silas: Attempt 1 Antonio Co. assigned $800,000 of accounts receivable to Snappy Finance Co. as security for a loan of $670,000 Snappy charged a 2% fee on the amount of the loan; the interest rate on the note was 10%. During the first month, Antonio collected $220,000 on assigned accounts after deducting $760 of discounts. Antonio also accepted returns worth $2,700 and wrote off accounts totaling $5,960. The amount of cash Antonio received from Snappy at the time of the transaction was a. $603,000 b. $654,00o. c. $656,600. d. $670.000

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