The daisy company had net credit sales of $830,000 for the year. cash sales for the year were $1,170,000. its receivables at the beginning of the year were $45,000 and at the end of the year they had increased to $90,000. the daisy company has credit terms of net 30 days. compute the days' sales outstanding and evaluate the ratio as strong or weak. (round any intermediary calculations to two decimal places and your final answer to the nearest day.)

You work as the sales manager for a company that sells office supplies to businesses of all sizes. because the profit margins are razor-thin, you need to ensure that you are getting the very best prices on paper, pencils, pens, post-it notes, and other office supplies from the manufacturers. when reviewing the quarterly profit statement, you realize that your costs are higher than they should be, and you trace the higher costs back to an employee who has been lax about getting competitive bids to ensure the lowest prices. when you conduct your research to determine the reason for the higher costs, and take action to bring those costs back down, in which of the key management processes are you taking part?