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?
A) $9,560
B) $10,990
C) $11,280
D) $12,440
E) $12,620
Correct Answer:
Verified
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