Why do you think Louis decided to keep his earnings from tips with him rather than depositing them in the bank? Louis works as a waiter and earns a lot from tips. He would always deposit all his earnings in the bank. When Louis' bank reduced its rates on savings accounts, Louis decided it was more convenient to have at home for his daily transactions rather than depositing it in the bank.

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