The accounts in the ledger of Monroe Entertainment Co. are listed below. All accounts have normal balances. Accounts payable $452 Fees Earned $2,663 Accounts receivable 724 Insurance Expense 671 Supplies 500 Rent expense 1,500 Prepaid insurance 2,098 Land 2,182 Cash 2,054 Wages expense 784 Office equipment 1,800 Retained earnings 5,500 Dividends 715 Common stock 6,113 Unearned rent 1,600 Total assets are

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