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Author Question: Harper Corp.s sales last year were $502,000, and its year-end receivables were $65,000. Harper sells ... (Read 106 times)

emoedee

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on: Aug 7, 2023
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.

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13.63


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14.26


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15.70


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16.09

Financial Management: Theory and Practice ¦ Brigham, Ehrhardt, Gessaroli, Nason ¦ 4th Edition
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Marked as best answer by emoedee on Aug 7, 2023

gwisel

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Reply #1 on: Aug 7, 2023
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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emoedee

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Reply 2 on: Aug 7, 2023
YES! Correct, THANKS for helping me on my review

kishoreddi

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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