Business, 25.10.2019 18:43 tolantyler365

Essence of skunk fragrances, ltd., sells 8,300 units of its perfume collection each year at a price per unit of $490. all sales are on credit with terms of 1/10, net 60. the discount is taken by 75 percent of the customers. a. calculate the average collection period. (do not round intermediate calculations and round your answer to 2 decimal places, e. g., 32.16.) b. what is the receivables turnover? (use 365 days a year. do not round intermediate calculations and round your answer to 3 decimal places, e. g., 32.161.) c. what is the amount of the company’s average receivables? (do not round intermediate calculations and round your answer to 2 decimal places, e. g., 32.16.)

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Essence of skunk fragrances, ltd., sells 8,300 units of its perfume collection each year at a price...

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