Essence of Skunk Fragrances, Limited, sells 5 , 3 0 0 units of its perfume collection each
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Question:
Essence of Skunk Fragrances, Limited, sells units of its perfume collection each year at a price per unit of $ All sales are on credit with terms of
net The discount is taken by percent of the customers.
What is the amount of the companys accounts receivable?
Note: Do not round intermediate calculations and round your answer to the nearest whole number, eg
In reaction to sales by its main competitor, Sewage Spray, Essence of Skunk is considering a change in its credit policy to terms of
net to preserve its market share. Will this change in policy increase or decrease accounts receivable?
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