Han corp's sales last year were $440,000, 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? base your answer on this equation: dso – allowed credit period = average days late, and use a 365-day year when calculating the dso. assume all sales to be on credit. do not round your intermediate calculations. a. 11.65 b. 12.74 c. 12.33 d. 13.55 e. 15.58

d. 13.55

Explanation:

For computing the how many days are late, first we have to determine the account receivable turnover ratio and then DSO which are shown below:

Account receivable turnover ratio = Net credit sales ÷ Average accounts receivable

= $440,000 ÷ $52,500

= 8.38 times

Now the DSO would be

= Total number of days in a year ÷ Accounts receivable turnover ratio

=365 days ÷ 8.38

= 43.55 days

So, the days late would be

= 43.55 days - 30 days

= 13.55 days

answer'; i believe the correct answer is (15,000) workers a year are treated for injuries caused by jacks, lifts or jack stands;

muslims control the north africa during the period of 1500 up

to 1800. they made a barrier to prevent further european exploration from

entering the africa from the north. however, the dutch ware still able to move

toward the interior with having south africa as one of the routes leading to

the east for trading with asia.