How will this change in policy affect accounts receivable

Reference no: EM13287140

Size of Accounts Receivable. Essence of Skunk Fragrances, Ltd., sells 5,000 units of its perfume collection each year at a price per unit of $380. All sales are on credit with the terms or 1/10, net 30. The discount is taken by 35 percent of the customers. What is the amount of the company's accounts receivable? In reaction to sales by its main competitior, Sewage Spray, Essence of Skunk is considering a change in its credit policy to terms of 3/10, net 30 to preserve its market share. How will this change in policy affect accounts receivable?

Reference no: EM13287140

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