Determining the amount of firm accounts receivable, Finance Basics

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Determining the amount of firm accounts receivable

Horgan's Music sells 460 musical instruments a year at an average price per instrument of $750. All sales are credit sales with terms of 2/10 net 30. Horgan's has found that 85 percent of the discounted price. What is the amount of the firm's accounts receivable?

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Finance Basics: Determining the amount of firm accounts receivable

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Finance Basics: Determining the amount of firm accounts receivable

Reference No:- TGS053716

Have a Question? (oR Write a Review)

Recent Questions Asked Finance Basics

Q : Derive values of wages to ensure that skilled want to work

Q : Determining the amount of the collection float

Q : Perspective of the computer desk division

Q : What will white record as it''s income tax expense

Q : Determining the amount of firm accounts receivable

Q : What are implicit costs to cover the start-up costs

Q : Directed by the engagement partner

Q : Pure expectations theory-yield curve

Q : Calculating the project coefficient of variation

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Request for Solution File

Ask an Expert for Answer!!

Finance Basics: Determining the amount of firm accounts receivable

Reference No:- TGS053716

Recent Questions Asked Finance Basics

Q : Derive values of wages to ensure that skilled want to work

Q : Determining the amount of the collection float

Q : Perspective of the computer desk division

Q : What will white record as it''s income tax expense

Q : Determining the amount of firm accounts receivable

Q : What are implicit costs to cover the start-up costs

Q : Directed by the engagement partner

Q : Pure expectations theory-yield curve

Q : Calculating the project coefficient of variation

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