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Problem 17-7 Size of Accounts Receivable [LO 2] Essence of Skunk Fragrances, Ltd., sells 6,500 units of its perfume collection each year at a price
Problem 17-7 Size of Accounts Receivable [LO 2] Essence of Skunk Fragrances, Ltd., sells 6,500 units of its perfume collection each year at a price per unit of $395. All sales are on credit with terms of 1/30, net 30. The discount is taken by 50 percent of the customers.
What is the amount of the companys Average receivables
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