Changes in the operating cycle indicate the effect

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A. Size of Accounts Receivable Essence of Skunk Fragrances, Ltd., sells 6,000 units of its perfume collection each year at a price per unit of $380. All sales are on credit with terms of 1/10, net 30. The discount is taken by 35 percent of the customers. What is the amount of the company's accounts receivable? Round to TWO decimal places.

B. Changes in the Operating Cycle Indicate the effect that the following will have on the operating cycle:

Receivables turnover goes from 7 times to 9 times.

C. Calculating Float You have $35,400 on deposit with no outstanding checks or uncleared deposits. One day you write a check for $3,700 and then deposit a check for $5,300. What is your collection?

Please make sure to have explanation with the questions and do right answers please

Reference no: EM13970924

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