In year 1, costello company performed work for a customer and billed the customer $12,000. in year 2, the customer pays costello company for the services it rendered in year 1. in year 1, the company incurred $4,000 of wage expense, but it did not pay the employees until year 2. if costello company uses the accrual-basis of accounting, then it will report

Faldo corp sells on terms that allow customers 45 days to pay for merchandise. its sales last year were $325,000, and its year-end receivables were $60,000. if its dso is less than the 45-day credit period, then customers are paying on time. otherwise, they are paying late. by how much are customers paying early or late? base your answer on this equation: dso - credit period = days early or late, and use a 365-day year when calculating the dso. a positive answer indicates late payments, while a negative answer indicates early payments.a. 21.27b. 22.38c. 23.50d. 24.68e. 25.91b