Cosplay Unlimited sells 1,040 outfits per year at an average price of $148. The terms of the sale are 1/10, net 35. The discount is taken by 76 percent of customers. What the company's accounts receivable balance? Assume 365 days per year. O $14,759.45 O $6,747.18 O $8,183,59 O $9,620.00 O $16,235.40

Cosplay Unlimited sells 1,040 outfits per year at an average price of $148. The terms of the sale are 1/10, net 35. The discount is taken by 76 percent of customers. What the company's accounts receivable balance? Assume 365 days per year. O $14,759.45 O $6,747.18 O $8,183,59 O $9,620.00 O $16,235.40

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter3: Evaluation Of Financial Performance

Section: Chapter Questions

Problem 3P

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Trade Credit

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Cosplay Unlimited sells 1,040 outfits per year at an average price of $148. The terms of the sale are 1/10, net 35. The discount is taken by 76 percent of customers. What is the company's accounts receivable balance?
Assume 365 days per year.
$14,759.45
$6,747.18
$8,183.59
$9,620.00
$16,235.40

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