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    Amount of the firm's average accounts receivables

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    Kay's House of Sound sells 520 musical instruments a year at an average price per instrument of $580. All sales are credit sales with terms of 2/10, net 25. Hogan's has found that 78 percent of its customers take advantage of the discounted price. What is the amount of the firm's average accounts receivables?

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    https://brainmass.com/business/accounts-receivable-management/amount-of-the-firm-s-average-accounts-receivables-336813

    Solution Preview

    Kay's House of Sound sells 520 musical instruments a year at an average price per instrument of $580. All sales are credit sales ...

    Solution Summary

    Response discusses the steps to calculate amount of the firm's average accounts receivables

    $2.19

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