What is the number of days past due for the last quarter

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Reference no: EM131912916

1. A company had sales of $450,000 over the last quarter (90 days) and ending a/r of $275,000. If the company's terms are net 45, what is the number of days past due for the last quarter?

2. A company is currently running a dso of 45 days on annual sales of $1.25 m. If the company is projecting that next year's sales will be $1.6 m, how much will the level of a/r increase (assuming dso remains at 45 days)?

3. A company had the following sales over the last quarter: jan = $150,000, feb = $300,000 and march = $450,000. The company typically collects 10% of sales in the month of sale, 60% one month after sale and the remaining 30% two months after sale. If the company is projecting sales of $550,000 in april, what will the amount of expected cash inflows from sales in the month of april?

Reference no: EM131912916

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