Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. piedmont industries sells on terms of 2/10 net 30.

Piedmont Industries sells on terms of 2/10 net 30. Total sales for the year are...

80.2K

Verified Solution

Question

Accounting

image
Piedmont Industries sells on terms of 2/10 net 30. Total sales for the year are $1.5 million. Thirty percent of customers pay on the 10th day and take discounts; the other 70% pay, on average, 60 days after their purchases. What would happen to average receivables if Piedmont toughened its collection policy with the result that all non-discount customers paid on the 45th day? Decline by $28,767 Decline by $57,534 Decline by $43,151 O Decline by $19.178

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

A small regional carrier accepted 18 reservations for a particular flight with 17 seats. 13 reservations...

Statistics
Q

Describe the components of a HPLC. How would you improve the accuracyof the analysis, if necessary?

Chemistry
Q

I have finished a lab but in finding the percent deviation I keep coming up with...

Chemistry
Q

World religion Buddhism What was Happening to Theravada Buddhism that opened the way for a revolutionary new...

Psychology
Q

8 35 our tion not 21 light 3 T I R of light An object...

Physics
Q

A model for a company's revenue from selling a software package is R = -2.5p...

Calculus
Q

cos x lima x n r

Calculus
Q

Strategic meeting results in the following: Reach out to the NYC Sports Community and illustrate...

Accounting
Q

Sheridan Enterprises is considering manufacturing a new product. It projects the cost of direct materials...

Accounting
Q

Express your opinion regarding how robotic processing automation (RPA) will help internal audit activities. There...

Accounting
Q

2. Give three (3) examples of the key elements that should be included in a...

Accounting
Q

In the historical comparison the past experience becomes the baseline for evaluating current performance. *...

Accounting