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Question 3 2 pts Sybex Corp. sells its goods with terms of 4/10 EOM, net 30....
Question 3 (0.2 points) Kearns, Inc. sells its goods with terms of 3/15 EOM, net 60....
Question 3 (0.2 points) Kearns, Inc. sells its goods with terms of 3/15 EOM, net 60. What is the implicit cost of the trade credit? Round your final answer to the nearest whole percent. Do not round your intermediate calculations. 15% 45% 34% 28%
McEwan Industries sells on terms of 3/10, net 30. Total sales for the year are $1,976,500;...
McEwan Industries sells on terms of 3/10, net 30. Total sales for the year are $1,976,500; 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. A. What is the average amount of receivables? Round your answer to the nearest cent. Do not round intermediate calculations. $ B. What is the percentage cost of trade credit to customers...
McEwan Industries sells on terms of 3/10, net 30. Total sales for the year are $980,000;...
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...
RECEIVABLES INVESTMENT McEwan Industries sells on terms of 3/10, net 30. Total sales for the year...
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....
McEwan Industries sells on terms of 3/10, net 30. Total sales for the year are $1,973,500; 40% of the customers pay on t...
McEwan Industries sells on terms of 3/10, net 30. Total sales for the year are $1,973,500; 40% of the customers pay on the 10th day and take discounts, while the other 60% pay, on average, 72 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...
Book Depot Inc. sells on terms of 3/10, net 60. What is the implicit cost of...
Book Depot Inc. sells on terms of 3/10, net 60. What is the implicit cost of trade credit under these terms? Use a 365-day year.
McEwan Industries sells on terms of 3/10, net 40. Total sales for the year are $889,000;...
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...
McEwan Industries sells on terms of 3/10, net 35. Total sales for the year are $1,969,000;...
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 25. Total sales for the year are $546,500;...
McEwan Industries sells on terms of 3/10, net 25. Total sales for the year are $546,500; 40% of the customers pay on the 10th day and take discounts, while the other 60% pay, on average, 56 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;...
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...
Question 3 (0.2 points) Kearns, Inc. sells its goods with terms of 3/15 EOM, net 60. What is the implicit cost of the trade credit? Round your final answer to the nearest whole percent. Do not round your intermediate calculations. 15% 45% 34% 28%
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....
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