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AcEwan industries sells cn terms of 3/10, net 30. Total sales for the year are 4963,000;40% of the customers pay on the 10 th day

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AcEwan industries sells cn terms of 3/10, net 30. Total sales for the year are 4963,000;40% of the customers pay on the 10 th day and take discounts, while the other 60% pay, an iverage, 78 days after their purchases. Assume 365 days in year for your calculations. a. What is the davs sales outstanding? Round your answer to two decimal places. days b. What is the average amount of recelvables? Do not round intermeciate calculacions. Round your answer to the nearest cent. 7 . C. What is the nercentage cost of trede credit to customers who take the discount? if your answer is zero, enter zero. Round your answer to two decimal olaces. os d. What is the percentoge cost of trade credit to customers who do not take the discount and poy in 78 days? If your answer is zero, enter zere. Do not reund intermediate calculations. Round vour answers to two decimal places. Nominal cost: Eroctive cost: e. What would happen to McEwan's accounts recesvable if it toughened up on its collection policy with the result that atingndiscount oustomers pald on the 30th day? Do net. round intermediate calculations. Hound vour answer for DSo to two decimal pleces and for average recelvables to the nearest cent. Doys sales outatanding (D5O): days Average recelvablest 1

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