eceivables Investment
Snider Industries sells on terms of 2/10, net 35. Total sales for the year are $1,900,000. Thirty percent of customers pay on the 10th day and take discounts; the other 70% pay, on average, 40 days after their purchases. Assume a 365-day year.
What is the days sales outstanding? Do not round intermediate calculations. Round your answer to the nearest whole number.
days
What is the average amount of receivables? Do not round intermediate calculations. Round your answer to the nearest dollar.
$
What would happen to average receivables if Snider toughened its collection policy with the result that all nondiscount customers paid on the 35th day? Do not round intermediate calculations. Round your answer to the nearest dollar.
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eceivables Investment Snider Industries sells on terms of 2/10, net 35. Total sales for the year...
Receivables Investment Snider Industries sells on terms of 2/10, net 25. Total sales for the year are $1,500,000. Thirty percent of customers pay on the 10th day and take discounts; the other 70% pay, on average, 30 days after their purchases. Assume a 365-day year. A. What is the days sales outstanding? Do not round intermediate calculations. Round your answer to the nearest whole number. 24 days B. What is the average amount of receivables? Do not round intermediate calculations....
1.2. Receivables Investment Snider Industries sells on terms of 2/10, net 35. Total sales for the year are $500,000. Thirty percent of customers pay on the 10th day and take discounts; the other 70% pay, on average, 40 days after their purchases. Assume a 365-day year. a. What is the days sales outstanding? Do not round intermediate calculations. Round your answer to the nearest whole number. days b. What is the average amount of receivables? Do not round intermediate calculations....
Problem 16-06 Receivables Investment Snider Industries sells on terms of 3/10, net 25. Total sales for the year are $1,100,000. Thirty percent of customers pay on the 10th day and take discounts; the other 70% pay, on average, 30 days after their purchases. Assume 365 days in year for your calculations. What is the days sales outstanding? Round your answer to one decimal place. days What is the average amount of receivables? Round your answer to the nearest dollar. Do...
Snider Industries sells on terms of 2/10, net 45, Total sales for the year are $1,500,000. Thirty percent of customers pay on the 10th day and take discounts; the other 70% pay, on average, 50 days after their purchases. a. What is the day's sales outstanding? b.What is the average amount of receivables? c.What would happen to average receivables if Snider toughened its collection policy with the result that all nondiscount customers paid on the 45th day?
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....
McEwan Industries sells on terms of 3/10, net 35. Total sales for the year are $1,969,000; 40% of the customers pay on the 10th day and take discounts, while the other 60% pay, on average, 84 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...
McEwan Industries sells on terms of 3/10, net 35. Total sales for the year are $1,784,000; 40% of the customers pay on the 10th day and take discounts, while the other 60% pay, on average, 70 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 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 20. Total sales for the year are $1,840,500; 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. days What is the average amount of receivables? Round your answer to the nearest cent. Do not...