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
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 2,700 forecasts every month at a price of $1,100 each. What is the firm's average balance sheet amount in accounts receivable?
A. $940,274
B. $1,408,272
C. $1,855,233
D. $1,867,012
E. $1,915,387
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Foundations In Personal Finance
Authors: Dave Ramsey
3rd Edition
1936948524, 978-1936948529
