What is the amount of the companys accounts receivable

Assignment Help Financial Management

Reference no: EM13765305

Size of Accounts Receivable. Essence of Skunk Fragrances, Ltd., sells 6,500 units of its perfume collection each year at a price per unit of $270. All sales are on credit with terms of 1/10, net 30. The discount is taken by 40 percent of the customers. What is the amount of the company’s accounts receivable? In reaction to sales by its main competitor, 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: EM13765305

Questions Cloud

Cognition, language, and intelligence issues : What problem-solving approach would you implement to solve this problem?

Describe an optimal inventory policy : Economic Order Quantity. The Trektronics store begins each month with 740 phasers in stock. This stock is depleted each month and reordered. If the carrying cost per phaser is $26 per year and the fixed order cost is $340, what is the total carrying ..

Interest revenue from installment sale : Upper World Corporation sells tractor trailers on the installment plan. On October 1, 2014, Upper World entered into an installment-sale contract with Lower Sky Inc. for a 5-year period. Equal annual payments under the installment sale are $250,00..

Describe how justification and excuse play a role in cases : Explain the nature and types of defenses used in the cases and what evidence was used to demonstrate the defense. Describe how justification and excuse play a role in the cases

What is the amount of the companys accounts receivable : Size of Accounts Receivable. Essence of Skunk Fragrances, Ltd., sells 6,500 units of its perfume collection each year at a price per unit of $270. All sales are on credit with terms of 1/10, net 30. The discount is taken by 40 percent of the customer..

Write a paper on silas marner by geroge eliot : Write a paper on Silas Marner by Geroge Eliot and Far from the Madding Crowd by Thomas Hardy about Social Class in each novel.

List the state where the law is effective : List the elements of each crime and facts that establish each element. Provide a specific law for each charge. List the state where the law is effective. Each team member's state needs to be represented

Measures the success of a company operations : According to the textbook, the income statement measures the success of a company's operations for a given period. The income statement is important to investors and creditors, because it determines the profitability, investment value, and creditw..

Website design html : It's all about Website design. It is going to be web site. 3 web pages, 2 font styles, 2 font sizes, 2 colors minimum.

User Account

All Pages