Calculate cash collections in each of the four quarters

Assignment Help Financial Management
Reference no: EM131958169

The Jallouk Company has projected the following quarterly sales amounts for the coming year:

Q1 Q2 Q3 Q4

Sales $690 $720 $780 $930

a. Accounts receivable at the beginning of the year are $450. The company has a 45-day collection period. Calculate cash collections in each of the four quarters by completing the following: (Do not round intermediate calculations and round your answers to the nearest whole number, e.g., 32.)

b. Accounts receivable at the beginning of the year are $450. The company has a 60-day collection period. Calculate cash collections in each of the four quarters by completing the following: (Do not round intermediate calculations and round your answers to the nearest whole number, e.g., 32.)

c. Accounts receivable at the beginning of the year are $450. The company has a 30-day collection period. Calculate cash collections in each of the four quarters by completing the following: (Do not round intermediate calculations and round your answers to the nearest whole number, e.g., 32.)

Reference no: EM131958169

Questions Cloud

What is jacks net gain or loss if he lets the option expire : Jack purchased a put option on Treasury bond futures with a September delivery date and an exercise price of 91-16.
Jobs for employees and profits for shareholders : What do corporations owe society or "the public good" other than jobs for employees and profits for shareholders, if anything?
Business retirement savings : Supplementing Prof. Business’ Retirement Savings. Prof. Business realizes she is entering the last third of her career and is considering retirement in 10 years
Briefly explain for each article why it should be classified : Human Computer Interaction
Calculate cash collections in each of the four quarters : Accounts receivable at the beginning of the year are $450. The company has a 45-day collection period. Calculate cash collections in each of the four quarters.
What is the present value of the savings : Your company will generate $73,000 in annual revenue each year for the next seven years from a new information database.
How much money would jack have in the account : How much money would Jack have in the account at the end of the 6 years (after returning to work)?
Business case proposal for an innovation project : What types of benefits would you likely see in a business case proposal for an innovation project?
Explain what will the terms of the swap be : A company expects to receive ¥ 5,650,000 from a customer each quarter for the next year. It would like to hedge the exchange rate risk of this payment.

Reviews

Write a Review

Financial Management Questions & Answers

  Prominent consumer products firm

Desert Rose, Inc., a prominent consumer products firm, is debating whether to convert its all-equity capital structure to one that is 20 percent debt.

  What would be ther percentage change in price of each bond

Laurel, Inc., and Hardy Corp. both have 9 percent coupon bonds outstanding, with semiannual interest payments, and both are priced at par value. The Laurel, Inc., bond has 3 years to maturity, whereas the Hardy Corp. bond has 16 years to maturity. If..

  What price would bonds sell for assuming investors expect

Dooley, Inc., has outstanding $100 million (par value) bonds that pay an annual coupon rate of interest of 10.5 percent. Par value of each bond is $1,000. The bonds are scheduled to mature in 20 years. What price would the bonds sell for assuming inv..

  How the financial intermediary is an asset transformer

Describe how the financial intermediary is an “asset transformer.”

  When we consider the risk-free rate of return

When we consider the "risk-free" rate of return, which of the following risks are still present?

  What is your net profit or loss transactions related to SLG

You purchased 500 shares of SLG, Inc. stock at a price of $43.7 a share. What is your net profit or loss your transactions related to SLG, Inc. stock?

  Company return on net operating assets for year

The company’s return on net operating assets (RNOA) for the year is.

  What profit margin must the firm achieve

Fulkerson Manufacturing wishes to maintain a sustainable growth rate of 9 percent a year, a debt-equity ratio of .41, and a dividend payout ratio of 32 percent. The ratio of total assets to sales is constant at 1.34. What profit margin must the firm ..

  Actual sales growth exceeds its sustainable rate of growth

Which of the following actions might a firm take if its actual sales growth exceeds its sustainable rate of growth?

  About the beta of stock

A stock has an expected return of 13.2 percent, the risk-free rate is 8.5 percent, and the market risk premium is 10 percent. What must the beta of this stock be?

  Par value corporate bond and par value municipal bond

You are trying to decide between a par value corporate bond carrying a coupon rate of 6.25% per year and a par value municipal bond that pays an annual coupon rate of 4.75%. Assuming you are in 28% tax bracket which should you chose?

  Describe what will happen to the market price once orders

Describe what will happen to the market price once these orders are submitted if in fact the takeover will occur in a few hours.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd