Question

Given Data:
Total Sales: $912,500
% of customers that take discounts: 40%
% of customers that do not take discounts: 60%
# of days that cusomers who take discounts pay by: 10 Days
# of days that customers who do not take discounts pay by: 40 Days
# of days that customers who do not take discounts pay by after toughening creidt policy: 30 Days
Days in a Year 365 Days

First recalculate the Days Sales Outstanding
Days Sales Outstanding = 30 Days
Average Amount of Receivables =

Answer 1

Please type your <u>subject</u> in the <b>School Subject</b> box. Any other words, <u>including obscure abbreviations</u>, are likely to delay responses from a teacher who knows that subject well.

Answer 2

Total Sales: $912,500
Percent of customers that take discounts: 40%
Percent of customers that do not take discounts: 60%
Number of days that cusomers who take discounts pay by: 10 Days
Number of days that customers who do not take discounts pay by: 40 Days
Number of days that customers who do not take discounts pay by after toughening creidt policy: 30 Days
Days in a Year 365 Days

First recalculate the Days Sales Outstanding:
Days Sales Outstanding = ?
Average Amount of Receivables = ?