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nalin [4]
4 years ago
11

Han Corp's sales last year were $485,000, and its year-end receivables were $52,500. The firm sells on terms that call for custo

mers to pay 30 days after the purchase, but some delay payment beyond Day 30. On average, how many days late do customers pay
Business
1 answer:
rusak2 [61]4 years ago
6 0

Answer:

Customers pay 9.51 days late

Explanation:

In order to calculate how many days late do customers pay we would have to calculate the following formula:

day sales outstanding=365 days/account receivables ratio

account receivables ratio=net credit sales/Average account receivables

account receivables ratio=$485,000/$52,500

account receivables ratio=9.238 times

day sales outstanding=365 days/9.238 times

day sales outstanding=39.51 days

Therefore, days late=39.51-30

=9.51

Customers pay 9.51 days late

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4 years ago
Product awareness is best know as ________ in the marketing mix?
Y_Kistochka [10]
The Answer: promotion.
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Even in these times of social media and digital content some of the old ways of promotion can still be effective. Identify two s
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Answer:

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STRENGHTS:

I. Wide reach/coverages

II. Cheap and easily affordable

WEAKNESS:

I. Can easily be destroyed

II. Iliterates can not be able to read its contents.

TELEVISION

STRENGHTS

I. Wider reach/coverage

II. Very attractive and understandable.

WEAKNESSES

I. Very expensive to maintain

II. May not be available to the poor.

DIRECT MAIL

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II. High response rate

WEAKNESSES

I. Too expensive to maintain

II. May not have a wide reach.

RADIO

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II. Easily accessible and affordable

WEAKNESSES

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MAGAZINE

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WEAKNESSES

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OUTDOOR DISPLAY

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WEAKNESSES

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Explanation:

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Newspaper Advertising is very affordable and can be easily accessible to the local population while it is easier to destroy or misplaced and also it can not be utilised by illustrates who can not read.

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