cEwan Industries sells on terms of 3/10, net 40. Total sales for the year are $1,019,000;...
RECEIVABLES INVESTMENT McEwan Industries sells on terms of 3/10, net 30. Total sales for the year are $1,266,000; 40% of the customers pay on the 10" day and take discounts, while the other 60% pay, on average, 54 days after their purchases. Assume 365 days in year for your calculations. a. What is the days sales outstanding? Round your answer to two decimal places. days b. What is the average amount of receivables? Round your answer to the nearest cent....
RECEIVABLES INVESTMENT McEwan Industries sells on terms of 3/10, net 25. Total sales for the year are $1,073,500; 40% of the customers pay on the 10th day and take discounts, while the other 60% pay, on average, 50 days after their purchases. Assume 365 days in year for your calculations, a. What is the days sales outstanding? Round your answer to two decimal places. days b. What is the average amount of receivables? Round your answer to the nearest cent....
RECEIVABLES INVESTMENT McEwan Industries sells on terms of 3/10, net 35. Total sales for the year are $1,907,000; 40% of the customers pay on the 10th day and take discounts, while the other 60% pay, on average, 76 days after their purchases. Assume 365 days in year for your calculations. a. What is the days sales outstanding? Round your answer to two decimal places. days b. What is the average amount of receivables? Round your answer to the nearest cent....
RECEIVABLES INVESTMENT McEwan Industries sells on terms of 3/10, net 20. Total sales for the year are $622,500; 40% of the customers pay on the 10th day and take discounts, while the other 60% pay, on average, 58 days after their purchases. Assume 365 days in year for your calculations a. What is the days sales outstanding? Round your answer to two decimal places days receivables? Round your answer to the nearest cent. Do not round intermediate calculations b. What...
McEwan Industries sells on terms of 3/10, net 40. Total sales for the year are $889,000; 40% of the customers pay on the 10th day and take discounts, while the other 60% pay, on average, 82 days after their purchases. Assume 365 days in year for your calculations. What is the days sales outstanding? Round your answer to two decimal places. days What is the average amount of receivables? Round your answer to the nearest cent. Do not round intermediate...
RECEIVABLES INVESTMENT McEwan Industries sells on terms of 3/10, net 25. Total sales for the year are $542,000; 40% of the customers pay on the 10th day and take discounts, while the other 60% pay, on average, 54 days after their purchases. Assume 365 days in year for your calculations. What is the days sales outstanding? Round your answer to two decimal places. days What is the average amount of receivables? Round your answer to the nearest cent. Do not...
RECEIVABLES INVESTMENT McEwan Industries sells on terms of 3/10, net 40. Total sales for the year are $1,444,500; 40% of the customers pay on the 10th day and take discounts, while the other 60% pay, on average, 82 days after their purchases. Assume 365 days in year for your calculations. What is the days sales outstanding? Round your answer to two decimal places. =_______days What is the average amount of receivables? Round your answer to the nearest cent. Do not...
McEwan Industries sells on terms of 3/10, net 25. Total sales for the year are $812,000; 40% of the customers pay on the 10th day and take discounts, while the other 60% pay, on average, 78 days after their purchases. Assume 365 days in year for your calculations. What is the days sales outstanding? Round your answer to two decimal places. What is the average amount of receivables? Round your answer to the nearest cent. Do not round intermediate calculations....
McEwan Industries sells on terms of 3/10, net 30. Total sales for the year are $980,000; 40% of the customers pay on the 10th day and take discounts, while the other 60% pay, on average, 86 days after their purchases. Assume 365 days in year for your calculations. What is the days sales outstanding? Round your answer to two decimal places. days What is the average amount of receivables? Round your answer to the nearest cent. Do not round intermediate...