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What is the balance of the receivables six month after

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Question - LUE COMPANY provide instalment schemes in selling its products in the market thus, recognized its revenue over time. Customers pay on installment basis in an equal 24 monthly amounts, which include 12% interest. What is the balance of the receivables six month after the sale?

a. 75% of the original sales price

b. less than 75% of the original sales price

c. the present value  of the remaining monthly installments discounted at 12%

d. less than the present value of the remaining monthly payments discounted at 12%.

Explain your answer.

Reference no: EM133089401

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