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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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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