Problem 17-7 Size of Accounts Receivable [LO 2]

Essence of Skunk Fragrances, Ltd., sells 5,300 units of its perfume collection each year at a price per unit of $383. All sales are on credit with terms of 1/30, net 50. The discount is taken by 50 percent of the customers. (Enter your answer as directed, but do not round intermediate calculations.)

Requirement 1:

What is the amount of the company