Acp and accounts receivable

Reference no: EM1354847

A company sells earnings forecasts for Japanese securities. Its credit terms are 2/10, net 30. Based on experience, 70 percent of all customers will take the discount.

a. What is the average collection period for the company?

b. If the company sells 1,500 forecasts every month at a price of $1,900 each, what is its average balance sheet amount in accounts receivable?

Reference no: EM1354847

Questions Cloud

Managerial accounting for organizational performance : Evaluate the long-term growth and performance of the company based on the balanced scorecard.

Make income statement under variable & traditional costing : The E-Corporation manufactures trendy, high-quality moderately valued watches that it sells on the Internet. As the corporation's senior financial analyst, you are asked to analyze the overall profitability fo the current year.

Explain who are the customers located in the tennessee : Explain Who are the Customers located in the Tennessee and List the tables along with the primary key for each.

Naturalistic and public environment : Stated and explained ideas for four different observational studies you might like to conduct in a naturalistic and public environment.

Acp and accounts receivable : A company sells earnings forecasts for Japanese securities. Its credit terms are 2/10, net 30. Based on experience, 70 percent of all customers will take the discount.

Describe why development of executives : If a limited budget forced you to prioritize your management training, in general, would you focus on executives, middle managers, or front-line managers? Why?

Compute the work one by the friction force : A 340 kg piano slides 3.7 m down a 33° incline and is kept from accelerating by a man who is pushing back on it parallel to the incline. The effective coefficient of kinetic friction is 0.37.

Stage of the organizational buying process : Which is indicative of the purchase decision stage of the organizational buying process?

Explain a speech that you would give to a friend : Explain a speech that you would give to a friend in an elevator summing up the contents of this course

User Account

All Pages