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Best Corp. USA offers credit terms of 2/10, net 45. Total sales for the year...

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Finance

Best Corp. USA offers credit terms of 2/10, net 45. Total sales for the year are $1,500,000. 30% of customers pay on the 10th day and take the discount; the other 70% pay on average 50 days after their purchases.
1. What is the DSO (days sales outstanding)?
2. What is the average amount of receivables?
3. What would the new DSO and average receivables be if Best Corp. USA toughened its collection policy with the result that all nondiscount customers paid on the 45th day?

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