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What the amount of abc accounts receivable is

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Reference no: EM132916708

Problem 1: ABC Distributors sells to retail stores on credit terms of 2/10. net 30. Daily sales average 150 units at a price of ?300 each. Assuming that all sales are on credit and 60% of customers take the discount and pay on day l0 while the rest of the customers pay on day 30, the amount of ABC's accounts receivable is

a. ?810,000
b. ?900,000
c. ?990,000
d. ?1,350,000.

Reference no: EM132916708

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