Calculation of amount of the firm accounts receivable, Finance Basics

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Calculation of amount of the firm accounts receivable

Hogan's Music sells 460 musical instruments a year at an average price per instrument of $750. All sales are credit sales with terms of 2/10, net 30. Hogan's has found that 85 percent of its customers take advantage of the discounted price. What is the amount of the firm's accounts receivable?

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Finance Basics: Calculation of amount of the firm accounts receivable

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Finance Basics: Calculation of amount of the firm accounts receivable

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Finance Basics: Calculation of amount of the firm accounts receivable

Reference No:- TGS056712

Recent Questions Asked Finance Basics

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