What is the amount of the firms accounts receivable please


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? Please show your calculation.

Solution Preview :

Prepared by a verified Expert
Finance Basics: What is the amount of the firms accounts receivable please
Reference No:- TGS02723943

Now Priced at $10 (50% Discount)

Recommended (91%)

Rated (4.3/5)