Question: Essence of Skunk Fragrances, Ltd., sells 6,100 units…
Essence of Skunk Fragrances, Ltd., sells 6,100 units of its perfume collection each year at a price per unit of $391. All sales are on credit with terms of 3/30, net 60. The discount is taken by 50 percent of the customers.
What is the amount of the company’s accounts receivable?
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