Powernet LLC has entered into a contract to supply 150,000 units of motherboard to customer on sale or return basis at OMR 4.5 each. The cost of making each circuit board is 1.8 OMR. The term of sales provides three months to customer for the date of sale to return the items and get a full refund. The experience indicates that such customer tends to return back some items and it can be reliably estimated to be around 18 % of such sold items are usually returned. find the receivable and revenues for the company.

a) Receivable is OMR 553,000 and revenue is OMR 675,000

B) Receivable is OMR 675,000 and revenue is OMR 553,000

c) None of them

d) Receivable is OMR 675,000 and revenue is OMR 121,500