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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 =

  • Math - ,

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

  • Financial Management - ,

    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 = ?

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