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August 27, 2015

Homework Help: adult education

Posted by Brandye O'Conner on Monday, November 15, 2010 at 1:44pm.

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 =

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