Essence of skunk fragrances ltd sells 5300 units of its, Ask an Expert

Accounting

Essence of Skunk Fragrances, Ltd., sells 5,300 units of its perfume collection each year at a price per unit of $383. All sales are on credit with terms of 1/30, net 50. The discount is taken by 50 percent of the customers. (Enter your answer as directed, but do not round intermediate calculations.)

Requirement 1:

What is the amount of the company's accounts receivable? (Round your answer to 2 decimal places (e.g., 32.16).)

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9952045

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