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Essence of Skunk Fragrances, Ltd., sells 5,100 units of its perfume collection each year at a price per unit of $381. All sales are on
Essence of Skunk Fragrances, Ltd., sells 5,100 units of its perfume collection each year at a price per unit of $381. All sales are on credit with terms of 2/20, net 60. The discount is taken by 45 percent of the customers. (Enter your answer as directed, but do not round intermediate calculations.)
Requirement 1: |
What is the amount of the companys accounts receivable? (Round your answer to 2 decimal places (e.g., 32.16).) |
Average receivables $________________ |
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