Cyber Monday 2024! Hurry Up, Grab the Special Discount - Save 25% - Ends In 00:00:00 Coupon code: SAVE25
Welcome to Pass4Success

- Free Preparation Discussions

AICPA Exam CPA-Business Topic 1 Question 23 Discussion

Actual exam question for AICPA's CPA-Business exam
Question #: 23
Topic #: 1
[All CPA-Business Questions]

Clauson Inc. grants credit terms of 1/15, net 30 and projects gross sales for next year of $2,000,000. The credit manager estimates that 40 percent of their customers pay on the discount date, 40 percent on the net due date, and 20 percent pay 15 days after the net due date. Assuming uniform sales and a 360-day year, what is the projected days sales outstanding (rounded to the nearest whole day)?

Show Suggested Answer Hide Answer
Suggested Answer: C

Choice 'c' is correct. 27 days projected days sales outstanding.


Contribute your Thoughts:

Currently there are no comments in this discussion, be the first to comment!


Save Cancel
az-700  pass4success  az-104  200-301  200-201  cissp  350-401  350-201  350-501  350-601  350-801  350-901  az-720  az-305  pl-300  

Warning: Cannot modify header information - headers already sent by (output started at /pass.php:70) in /pass.php on line 77