### What is the amount of the firms average accounts receivable

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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 receivable?

A. \$9,560 B. \$10,990 C. \$11,280 D. \$12,440 E. \$12,620

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