Atlas Builders deals strictly with five customers. The average amount each customer pays per month along with the collection delay associated with each payment is shown below. Given this information, what is the amount of the average daily receipts? Assume every month has 30 days.
Average daily receipts = ($6,800 + $8,500 + $2,000 + $9,500 + $7,500)/30 = $1,143.33
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National Exporters deals strictly with two customers. The average amount each customer pays per month along with the collection delay associated with each payment is shown below. Given this information, what is the amount of the average daily receipts? Assume that every month has 30 days.
Average daily receipts = ($63,200 + $72,800)/30 = $4,533.33
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Cross Country Trucking provides transportation services exclusively for four customers. The average amount each customer pays per month along with the collection delay associated with each payment is shown below. Given this information, what is the weighted average delay? Assume each month has 30 days.
Total monthly collections = $64,000 + $88,200 + $96,500 + $47,900 = $296,600
Weighted average delay = [($64,000/$296,600) × 2] + [($88,200/$296,600) × 3] + [($96,500/$296,600) × 2] + [($47,900/$296,600) × 3] = 2.46 days |
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High Brow Express deals strictly with two customers. The average amount each customer pays per month along with the collection delay associated with each payment is shown below. Given this information, what is the weighted average delay? Assume that every month has 30 days.
Total monthly collections = $478,000 + $575,000 = $1,053,000
Weighted average delay = [($478,000/$1,053,000) × 2] + [($575,000/$1,053,000) × 3] = 2.55 days |
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