Business, 17.02.2020 18:22 jessie6516

Pie Co. uses the installment sales method to recognize revenue. Customers pay the installment notes in 24 equal monthly amounts, which include 12% interest. What is an installment note's receivable balance six months after the sale?A. 75% of the original sales price.
B. Less than 75% of the original sales price.
C. The present value of the remaining monthly payments discounted at 12%.
D. Less than the present value of the remaining monthly payments discounted at 12%.

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Pie Co. uses the installment sales method to recognize revenue. Customers pay the installment notes...

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