Question

A mean date is calculated​

Answer 1

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In this method, we calculate the average due date as follows: Take the first due date as the starting day or base date or “O” day for convenience. ... Count the number of days from base date up to each due date. Multiply the number of days by the amounts. Add up the amount and products.

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Answer 2

Answer:

The correct answer to this question is add up the days from the base date to each due date. Divide the sum by the number of days. Add up the quantity and the items.

Explanation:

Given - the mean the date is calculated

To Find - A mean date is calculated​.

The following typical due date: For simplicity, use the first due date as the starting day, base date, or "O" day. Add up the days from the base date to each due date. Divide the sum by the number of days. Add up the quantity and the items.

The mathematic average of a number of due dates is known as the Equated Due Date or Average Due Date. When a person owes a different person a different sum of money on different dates, it may be desirable to pay all the obligations all at once in a lump sum without any loss of interest to either side.

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