What are sales net of cash discounts taken

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Reference no: EM131020941

Foster Industries sells on terms of 2/10, net 35. Gross sales last year were $450,000, and ac- counts receivable averaged $60,000. Half of Foster’s customers paid on Day 10 and took discounts. (a) What are Foster’s sales net of cash discounts taken? (b) What is the total dollar finance charge paid by the non-discount-paying customers? (c) What is the average collection period (DSO) for the non discount customers? Foster Industries sells on terms of 2/10, net 35. Gross sales last year were $450,000, and ac- counts receivable averaged $60,000. Half of Foster’s customers paid on Day 10 and took discounts. (a) What are Foster’s sales net of cash discounts taken? (b) What is the total dollar finance charge paid by the non-discount-paying customers? (c) What is the average collection period (DSO) for the non discount customers?

Reference no: EM131020941

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What are sales net of cash discounts taken : Foster Industries sells on terms of 2/10, net 35. Gross sales last year were $450,000, and ac- counts receivable averaged $60,000. Half of Foster’s customers paid on Day 10 and took discounts. What are Foster’s sales net of cash discounts taken?

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