Compute the average number of collection days

Assignment Help Finance Basics
Reference no: EM132707306

A firm has $375,000 in credit sales and $135,000 in accounts receivable. Compute the average number of collection days. (Do not round intermediate calculations, round your answer to two decimal places, i.e. 12.34)

Using the abswer to the prvious question, how does the numbers relate to the terms of 2/10 net/30?

Reference no: EM132707306

Questions Cloud

Coastal waterways from international terrorism : Compare and contrast the process of securing the land borders and the coastal waterways from international terrorism.
Crime victims rights-from illusion to reality : Read the following two articles "Crime Victims' Rights: From Illusion to Reality" and "Vengeance Time" in this week's Electronic Reserve Readings.
What is the yield to maturity on the bonds for pp inc : PP Inc., The bonds have a par value of $1000 and a price of $865. The bond will mature in 11 years. What is the yield to maturity on the bonds?
What are the current yield and capital gains yield on bonds : Assuming there are no changes to interest rates during the course of the year, what are the current yield and capital gains yield on the bonds for this year?
Compute the average number of collection days : Compute the average number of collection days. (Do not round intermediate calculations, round your answer to two decimal places, i.e. 12.34)
How do suggest three performance measures : For each of the strategic priorities, suggest three performance measures. (Hint: use the three qualitative BSC quadrants to help you with the design).
English Bill of Rights and US Bill of Rights : There is a very important distinction between the English Bill of Rights and the US Bill of Rights with respect to the rights they address.
Find the present value of the interest tax shield : You are an analyst valuing Palm and Sun Industries for a possible acquisition. Below are pro forma estimates of unlevered free cash flow and interest tax saving
Explain the impact of the systems cache : Before an organization considers scaling, it should understand the organizational system performance and potential system bottlenecks. Web Page Test is a site.

Reviews

Write a Review

Finance Basics Questions & Answers

  Calculate the firms weighted average cost of capital

There will be sufficient internal common equity funding(i.e., retained earnings) available such that the firm does not plan to issue new common stock. Calculate the firms weighted average cost of capital.

  What is the effective interest rate on the libor loan

What is the effective interest rate on the LIBOR loan? (Use a 360-day year. Do not round intermediate calculations. Input your answer as a percent rounded.

  What is the net income

A firm has sales of $613,000 with costs of $521,000. Interest expense is $26,000 and taxes is $16,500. What is the net income?

  What is the npv after the capital structure change

What is the weighted average cost of capital? What is the NPV of the proposed project (Think about what is appropriate discount rate)?

  Calculate annual payments for each option

Suppose the company buys the property for $2.8 million and tooks out a mortgage for $2 million. You have two repayment options.

  What is the yield to maturity of the bond

What is the yield to maturity of the bond? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

  Capital structure decisions-key information

Elephant Books sells paperback books for $7 each. The variable cost per book is $5. At current annual sales of 200,000 books, the publisher is just breaking even.

  How can company improve its collection process on accounts

How can a company improve its collection process on accounts receivable. Offer multiple suggestions with explanation.

  List several ways to achieve the goal of creating a bridge

List several ways to achieve the goal of creating a bridge between deserving small businesses and commercial banks so that the small businesses

  What is present value and future value

An investment pays you $100 at the end of each of next 3 years. the investment will then pays you $200 at the end of 4,$300 at the end of 5, and $500.

  Explain how many u.s dollars will you need in one year

Explain how many U.S dollars will you need in one year to fulfill your forward contract?

  Evening shift is not as busy as the morning shift

Denise is told that the reason for doing this is because she will have more time since the evening shift is not as busy as the morning shift.

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