posted by .

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 = ?

## Similar Questions

1. ### bussiness math

what is the actual cost. you buy 12 rocking chairs wholesale. The invoice list price is \$420. the series discounts are 20/10; the discounts are 3/10, 2/15, 1/25, 0/30. you pay the bill 12 days after recieving it.
2. ### Finance/Accounting

Milwaukee Surgical Supplies, Inc, sells on terms of 3/10, net 30. Gross sales for the year are \$1,200,000 and the collections department estimates that 30 percent of the customers pay on the tenth day and take discounts, 40 percent …
3. ### Math

A study of Hub Furniture regarding the payment of invoices reveals the time from billing until payment is received follows the normal distribution. The mean time until payment is received is 20 days and the standard deviation is 5 …
4. ### math

A study of Hub Furniture regarding the payment of invoices reveals the time from billing until payment is received follows the normal distribution. The mean time until payment is received is 20 days and the standard deviation is 5 …
5. ### Finance

Milwaukee Surgical Supplies, Inc., sells on terms of 3/10, net 30. Gross sales for the year are \$1,200,000 and the collections department estimates that 30% of the customers pay on the tenth day and take discounts, 40% pay on the thirtieth …
6. ### math

hope that someone can help me to solve this solving problems below.... Discounts : a. for the total discounts that the following customers can avail and the Net price for that they have to pay. 2. Today is the 35th Anniversary sale …
7. ### Healthcare finance

Milwaukee Surgical Supplies, Inc., sells on terms of 3/10, net 30. Grosee sales for the year are \$1,2000,000 and the collections department estimates that 30% of the customers pay on the tenth day and take discounts, 40% pay on the …
8. ### finance

Fashion Distributors Incorporated currently sells on terms of 2/10, net 30, with bad debt losses at 1% of gross sales. Of the 99% of the customers that pay, 50% take the discount and pay on Day l0; the remaining 50% pay on Day 30 (average …
9. ### Healthcare finance

Lansing Surgical Supplies Inc, sells on terms of 2/10, net 30. Gross sales for the year are 1.3 million and the collections department estimates that 30 percent of the customers pay on the tenth day and take discounts, 40 percent pay …
10. ### fractionss

The Burger Barn served 24 customers yesterday. 1/2 of the customers ordered breakfast. 1/3 of the remaining customers ordered take-out. The rest of the customers ordered dessert. How many customers ordered desert

More Similar Questions