Top Posters
Since Sunday
G
4
K
3
m
2
c
2
r
2
p
2
s
2
s
2
b
2
c
2
R
2
c
2
Home Q & A Board Other Fields Homework Help Business Finance
New Topic  
jayboskeet jayboskeet
wrote...
Go to Answer
Posts: 132
Rep: 0 0
11 months ago
Harper Corp.’s sales last year were $502,000, and its year-end receivables were $65,000. Harper sells on terms that call for customers to pay 33 days after the purchase, but many delay payment beyond Day 33. On average, how many days late do customers pay? Base your answer on this equation: DSO – Allowed credit period = Average days early or late, and use a 365-day year when calculating the DSO. A positive answer indicates late payments, while a negative answer indicates early payments.


▸

13.63



▸

14.26



▸

15.70



▸

16.09

Textbook 
Financial Management: Theory and Practice

Financial Management: Theory and Practice


Edition: 4th
Authors:
Read 61 times
1 Reply
Replies
Answer verified by a subject expert
ugotpwned5ugotpwned5
wrote...
#1
Posts: 128
Rep: 1 0
11 months ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

jayboskeet Author
wrote...

11 months ago
Thank you, thank you, thank you!
njn;l
wrote...

Yesterday
this is exactly what I needed
Lawson1981
wrote...

2 hours ago
Thanks for your help!!
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  901 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 1211
  
 671
  
 775
Your Opinion
Who will win the 2024 president election?
Votes: 10
Closes: November 4
Previous poll results: What's your favorite coffee beverage?