rostecorralmart
02.07.2020 •
Business
Han Corp's sales last year were $485,000, and its year-end receivables were $52,500. The firm sells on terms that call for customers to pay 30 days after the purchase, but some delay payment beyond Day 30. On average, how many days late do customers pay
Solved
Show answers
More tips
- L Leisure and Entertainment What to Bring on a Hike? Essential Items to Pack for a Safe and Enjoyable Adventure...
- S Style and Beauty How Are Eyelash Extensions Applied? All Your Questions Answered...
- F Family and Home Tender Care for Your Parquet: Is it Possible to Clean Parquet?...
- S Society and Politics Is It Fact or Fiction? Let s Talk About Anton Chekhov s Pseudonym...
- S Sport Playing Bowling: Rules and Advice for Novices...
- C Computers and Internet How to Properly Repartition a Hard Drive?...
- A Auto and Moto What Is the Cost of Customs Clearance for a Car in Russia?...
- L Leisure and Entertainment Should You Buy a Ceramic Knife?...
- C Computers and Internet How to easily and quickly disable Firebug in Gmail and Google Docs...
- G Goods and services How to sew a ribbon: Tips for beginners...
Answers on questions: Business
- S Social Studies Which emperor made christianity the official religion of the roman empire?...
- H History How many ways can two marbles be chosen from a set of five marbles? 5 10 15 20...
- B Business Arep at the firm has been working on determining appropriate investments for a client. the rep comes to the conclusion that a deferred variable annuity will be the best choice for...
- P Physics Describe the movement of a transverse wave please i will give brainliest and the max points...
Ответ:
Customers pay 9.51 days late
Explanation:
In order to calculate how many days late do customers pay we would have to calculate the following formula:
day sales outstanding=365 days/account receivables ratio
account receivables ratio=net credit sales/Average account receivables
account receivables ratio=$485,000/$52,500
account receivables ratio=9.238 times
day sales outstanding=365 days/9.238 times
day sales outstanding=39.51 days
Therefore, days late=39.51-30
=9.51
Customers pay 9.51 days late
Ответ: