Calculating the average collection period

Calculating the average collection period

Assignment Help Finance Basics

Reference no: EM13688256

3-Calculating the Average Collection Period. Pujols Lumber Yard has a current account receivable balance of $527,167. Credit sales for the year just ended were $5,938,267. What is the receivable turnover? The day's sales in receivables? How long did it take on average for credit customers to pay off their accounts during the past year?

Reference no: EM13688256

Questions Cloud

What is the promised yield to maturity based on the terms : What is the promised yield to maturity based on the terms

Evaluate the temperature of the universe : Evaluate the temperature of the universe when it has cooled enough that photons no longer disassociate the deuteron

Michigan mattress company is considering purchase of land : Michigan Mattress Company is considering the purchase of land

What is the coefficient of friction between cheese and ice : Bored, a boy shoots his pellet gun at a piece of cheese that sits, keeping cool for dinner guests, on a massive block of ice. What is the coefficient of friction between the cheese and ice

Calculating the average collection period : Calculating the Average Collection Period

What is the coefficient of friction between cheese and ice : Bored, a boy shoots his pellet gun at a piece of cheese that sits, keeping cool for dinner guests, on a massive block of ice. What is the coefficient of friction between the cheese and ice

What is the current price : What is the current price?

Find the work done by the applied force : A 7.0 kg sled is initially at rest on a horizontal road. The coefficient of kinetic friction between the sled and the road is 0.40. Find the work done by the applied force

Durable power of attorney for health care : Durable power of attorney for health care

Reviews

Write a Review

Required(*) Message

Finance Basics Questions & Answers

Financial reporting and analysis

Finance is about Gunns Ltd, a company in dealing with forestry products in Australia. The company has also been listed in Australian Stock Exchange. As many companies producing forestry products, even Gunns Ltd is facing various problems. Due to the ..

A report on financial accounting

This report is specific for a core understanding for Financial Accounting and its relevant factors.

Describe the types of financial ratios

Describe the types of financial ratios and other financial performance measures that are used during venture's successful life cycle.

Differences between sole proprietorship and corporation

Briefly describe the major differences between a sole proprietorship and a corporation

Prepare a cash budget statement

Calculate the expected value of the apartment in 20 years' time. What is the mortgage loan repayment at the beginning of each month

What are the implied interest rates

What are the implied interest rates in Europe and the U.S.?

State pricing theory and no-arbitrage pricing theory

State pricing theory and no-arbitrage pricing theory

Small business administration

Identify the likely stage for each venture and describe the type of financing each venture is likely to be seeking and identify potential sources for that financing.

Effect of financial leverage

The Effect of Financial Leverage and working capital management

Evaluate the basis for the payment to the lender

Evaluate the basis for the payment to the lender and basis for the payment to the company-counterparty.

Importance of opps, ipps, mpfs and dmepos

Research and discuss the differences and importance of : OPPS, IPPS, MPFS and DMEPOS.

Time value of money

Time Value of Money project

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!

Submit Assignment

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