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Bouncy Castles Inc. sold 20 inflatable outdoor play castles to Party Plus Ltd. The inflatable castles are listed at $2,400 each. Bouncy offers at trade
Bouncy Castles Inc. sold 20 inflatable outdoor play castles to Party Plus Ltd. The inflatable castles are listed at $2,400 each. Bouncy offers at trade discount of 20% to customers who purchase more than 10 inflatable castles. Party Plus Ltd. rents the inflatable castles to local businesses and municipalities for use at community events. Each castle is rented for $500 for the day. If Bouncy sells the playsets to Party Plus on account, what is the receivable per inflatable castle that Bouncy should record?
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