(Answered) Hogans music sells 460 musical instruments a year at an

Finance

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.

View complete question

Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M92767127
Price:- $10

Verified Expert

Priced at $20 Now at $10, Verified Solution

Have any Question?Write your Review or question?

Related Questions in Basic Finance

Ultra petroleum has earnings per share of 156 and a pe

Ultra Petroleum has earnings per share of $1.56 and a P/E ratio of $32.48. What is the stock price?

Borel wants to be a millionaire when he retires in 40 years

Borel wants to be a millionaire when he retires in 40 years. How much does he have to save each month if he can earn a 10% annual return? (round off all answers to 2 decimal places)

Consider three investors who need to partially liquidate

Consider three investors who need to partially liquidate investments to raise cash. In this case, all investments have been held for 3 or more years. Investor A waited for a $1,500 qualified dividend distribution from he ...

You want to borrow 36000 from your local bank to buy a new

You want to borrow $36,000 from your local bank to buy a new sailboat. You can afford to make monthly payments of $750, but no more. Assuming monthly compounding, what is the highest rate you can afford on a 60-month APR ...

Corporate finance questionan investment pays you 30000 at

Corporate Finance Question: An investment pays you $30,000 at the end of this year, and $10,000 at the end of each of the four following years. What is the present value (PV) of this investment, given that the interest r ...

Find the future value of the following income stream as of

Find the future value of the following income stream as of year 30, assuming that the appropriate interest rate is 15% per year. Year 1 2---------9 10 11----30 Income $100 $100-----$100 $100 $300-----$300

Researchers at the university of pennsylvania school of

Researchers at the University of Pennsylvania School of Medicine have determined that children under 2 years old who sleep with the lights on have a 35% chance of becoming myopic before they are 16. Children who sleep in ...

In 2010 47250 air conditioning units were sold in fulton

In 2010 47,250 air conditioning units were sold in Fulton County. Glacial HVAC Inc. sold 3,299 units in 2010, compared to 2009 sales of 3,936 units. Calculate the percent change in Glacial's sales, from 2009 to 2010. Rep ...

A corporation has an outstanding bond with the following

A corporation has an outstanding bond with the following characteristics: Coupon rate = 6.0% Interest payments - Semi-annually Face value = $1,000 Years to maturity = 20 Current market value = $1,054.88 Find the yield to ...

You are a junior analyst and you have been asked to

You are a junior analyst and you have been asked to forecast sales for lululemon for 2012. At the end of 2011, lululemon operated 147 corporate stores in North America (42 in Canada and 105 in the US). Lululemon plans to ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Basic Finance Expert