Calculate next year ending receivables balance

Assignment Help Finance Basics
Reference no: EM13297957

A firm is planning to lower its ACP by ten days next year. Receivables are currently $15M on credit sales of $120M Credit sales are expected to grow by 20% next year. Calculate next year's ending receivables balance (make calculations using ending balances and a 360 day year).

Reference no: EM13297957

Questions Cloud

What is ka and fha and fa and approximate h : 1.00 L solution containing 0.030 mol HA (pKa=2.50) and 0.020 mol NaA. Approximations [HA]=0.030 and [A-]=0.020 What is: Ka, FHA, FA, and approximate H
Determine the total magnification of the telescope : A reflecting telescope has a main mirror with fM = 570 mm. If an eyepiece with a magnification of 45 is used, what is the total magnification of the telescope
Compute the resisitivity at a reservoir depth of 8000 feet : Given the total dissolved solids in a brine is 20,500 ppm, compute the resisitivity at a reservoir depth of 8,000 feet.
Explain acid-base reaction with an equilibrium lying : Acid HA has a pKa = 20; acid HB has pKa = 10 Will an acid-base reaction with an equilibrium lying to the right take place if Na+A- is added to HB
Calculate next year ending receivables balance : Receivables are currently $15M on credit sales of $120M Credit sales are expected to grow by 20% next year. Calculate next year's ending receivables balance (make calculations using ending balances and a 360 day year).
Differences between mechanistic and organic forms : Explain the differences between mechanistic and organic forms of organizational design and consider yourself the CEO of a medium sized company, what factors would influence you in deciding on an organizational design. Show all references.
Describe the three categories of consumer decision-making : Describe the three categories of consumer decision-making behavior. Name typical products for which each type of consumer behavior is used. 150 worlds
What is the corporate tax paid by a firm with taxable income : What is the corporate tax paid by a firm with taxable income of $300,000, given the following tax tables.$0 - $50,000 15%$50,000 - $75,000 25%$75,000 - $100,000 34%$100,000- $335,000 39%
Find the station and elevation of the low point of the curve : On a certain highway a -6% grade meets a +2% grade at station 70 + 00, elevation 550.97 ft. An equal tangent vertical curve, 800 ft. long, is to be installed to connect these two grades.

Reviews

Write a Review

Finance Basics Questions & Answers

  Discuss the profitability versus risk trade-offs associated

Discuss the profitability versus risk trade-offs associated with these conservative and aggressive working capital financing policies.

  Evaluating initial amount and later balance of loan

An amortized loan has 10 annual payments at the end of each year starting one year from now. The first 5 payments are $1000 each and the final 5 payments are $500 each.

  Determine the net period

Delta Distributors has an investment in accounts receivable of $2,750,000. Daily credit sales are $118,280. If 30 percent of Delta's credit customers receive a discount by paying within ten days and the remainder of Delta's consumers pay in 40 days.

  What is the after tax weighted average cost of capital

What is the after tax weighted average cost of capital (WACC) of this firm?

  Determining the present value of cash flows

Seaborn Co. has identified an investment project with the following cash flows. If the discount rate is 9 percent, the present value of these cash flows is $ ?

  Calculate the expected return for microsoft

If the beta of Microsoft is 1.11, risk-free rate is 3% and the market risk premium is 8%, calculate the expected return for Microsoft.

  Construct a pro forma income statement for the first year

Construct a pro forma income statement for the first year and second year for the following assumptions: • Units of Sales in Year 1: 110,000 • Price per Unit: $11.

  Determine the annual investment in common stocks

Determine your required inflation-adjusted annual (pretax) income at age 65. Assume that this annual amount remains constant from age 65 to age 80.

  Find the operating breakeven point and total operating costs

Barry Carter is planning opening a music store. He wants to estimate the number of CDs he must sell to break even. The CDs will be sold for $13.98 each,

  Computing the present value of this investment

Computing the present value of this investment and what is the present value of this investment

  Compute the monthly payments for an add-on interest loan

Compute the monthly payments for an add-on interest loan of $2,000, with an annual interest rate of 18 percent and a term of 3 years. Round to the nearest cent as needed.

  What is the maximum contribution margin for the year

The company can do 14,000 set-ups each period, yet there is unlimited demand for each product. What is the maximum contribution margin for the year?

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