The Green Hornet sells earnings forecasts for international securities. Its credit terms are 2/10, net 30. Based on experience, 55 percent of all customers will take the discount. The firm sells 2,600 forecasts every month at a price of $1,100 each. What is the firm's average balance sheet amount in accounts receivable?
A) $940,274
B) $1,408,272
C) $1,786,521
D) $1,811,012
E) $1,915,387
Correct Answer:
Verified
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