Lipto Biomedic has credit sales of $$740,000$ yearly with credit terms of net $60$ days, with an average collection period of $75$ days. Lipto does not offer a discount for early payment. $($Use $365$ days in a year.$)$

a$-1.$ What is the average receivables balance? $($Do not round intermediate calculations. Round the final answer to nearest whole dollar.$)$

Accounts receivable balance

$

a$-2.$ What is the receivables turnover? $($Round the final answer to $2$ decimal places.$)$

Accounts receivable turnover

$

b$.$ If Lipto offered a $3$ percent discount for payment in $10$ days and every customer took advantage of the new terms and paid on the tenth day, what would the new average receivables balance be$?$ Use the full sales of $$740,000$ for your calculation of receivables. $($Do not round intermediate calcultions. Round the final answer to nearest whole dollar.$)$

New receivable balance $

c$-1.$ If Lipto reduces its bank loans, which cost $8$ percent, by the cash generated from reduced receivables, what will be the net gain or loss to the firm? $($Do not round intermediate calculations. Round the final answer to nearest whole dollar. Negative answers should be indicated by a minus sign.$)$

Net change

$

c$-2.$ Should Lipto Biomedic offer the discount?

Yes

No

d$-1.$ Assume the new trade terms of $\frac{3}{10},$ net $30$ will increase sales by $12$ percent because the discount makes Lipto price competitive. If Lipto earns $19$ percent on sales before discounts, calculate the net change income. $($Do not round intermediate calculations. Round the final answer to nearest whole dollar.$)$

Net change income

$

d$-2.$ Should Lipto Biomedic offer the discount?

Yes

No