While the other 60 pay on average 25 days after their


McDonald Industries sells on terms of 1/10, net 25. Total sales for the year are $200,000; 40% of the customers pay on the 10th day and take discounts, while the other 60% pay, on average 25 days after their purchases. What is the days’ sales outstanding?

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Financial Management: While the other 60 pay on average 25 days after their
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