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What is the investment in accounts receivable

Average Investment in Accounts Receivable. The cost of product X is 30 percent of its selling price, and the carrying cost is 8 percent of selling price. Accounts are paid on average 60 days after sale. Sales per month average $25,000. What is the investment in accounts receivable?

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Solution Preview :

Prepared by a verified Expert

Finance Basics: What is the investment in accounts receivable

Reference No:- TGS0679193

Have a Question? (oR Write a Review)

Recent Questions Asked Finance Basics

Q : Explain the units-of-production method

Q : Determining the capital budgeting analysis

Q : Determine the amount of the amortization

Q : How much may eloise deduct

Q : What is the investment in accounts receivable

Q : Should the lockbox arrangement be instituted

Q : What amount should n report as capitalized lease liability

Q : Prepare the entry to close the firm income

Q : Computing the current share price

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Solution Preview :

Prepared by a verified Expert

Finance Basics: What is the investment in accounts receivable

Reference No:- TGS0679193

Recent Questions Asked Finance Basics

Q : Explain the units-of-production method

Q : Determining the capital budgeting analysis

Q : Determine the amount of the amortization

Q : How much may eloise deduct

Q : What is the investment in accounts receivable

Q : Should the lockbox arrangement be instituted

Q : What amount should n report as capitalized lease liability

Q : Prepare the entry to close the firm income

Q : Computing the current share price

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