Essence of Skunk Fragrances Ltd. sells 6 100 units

jagguarpaw January 16, 2017 0 Comments

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?