Customers pay on the tenth day

Assignment Help Business Management
Reference no: EM131073976

Milwaukee Surgical Supplies Inc. sells on terms of 3/10, net 30. That means customers that pay in ten days get a 3 percent discount on their purchases, while customers that do not take the discount must pay in 30 days. Gross sales (sales before any discounts taken) for the year are $1,200,000; the collections department estimates that 30 percent (by dollar value) of the customers pay on the tenth day and take discounts, 40 percent pay on the thirtieth day, and the remaining 30 percent pay, on average, on the fortieth day after the purchase. (Assume 360 days per year.)

Reference no: EM131073976

Questions Cloud

What is the difference between sharing and helping : What is the origin of altruism? What is the difference between sharing and helping?
What data quality element does missing data represent : Missing data can skew results or cause false interpretations. What data quality element does missing data represent
Pay for the washing machine today : The store is willing to discount the price at an annual rate of 7 percent (compounded annually) if you pay today. What is the amount if you pay for the washing machine today? Round the answer to two decimal places
An ecosystems framework to economic analysis of policy : An ecosystems framework to economic analysis of a policy, such as requiring all able-bodied welfare recipients to seek work, provides for a focus on
Customers pay on the tenth day : Gross sales (sales before any discounts taken) for the year are $1,200,000; the collections department estimates that 30 percent (by dollar value) of the customers pay on the tenth day and take discounts, 40 percent pay on the thirtieth day, and t..
Child abuse prevention and treatment act : The goals of the _________ are to increase economic self-support and self-sufficiency, reduce abuse and neglect of children and adults, reduce inappropriate institutional care, and secure institutional care when needed. a. Social Services Block Grant..
By the end of the Progressive Era : By the end of the Progressive Era, social work: 3 a. became more professionalized b. was concerned with the welfare of families c. moved away from social justice issues to focus on casework and therapy d. all of the above
Question regarding the expected return on stock : The current one-year Treasury bill rate is 3.3 and the current thirty-year bond rate is 8%. The firm has 132 million shares outstanding, selling for $73.36 per share. The short term equity risk premium is 5.1 and the long term equity risk premium ..
What is the range for the relative price : Go back to the numerical example with no factor substitution that leads to the production possibility frontier in figure 5-1. What is the range for the relative price of cloth such that the economy produces both cloth and food? Which good is produced..

Reviews

Write a Review

Business Management Questions & Answers

  Fiscal disparity in virginia schools1 examine and evaluate

fiscal disparity in virginia schools1. examine and evaluate the disparity of virginias budget allocation for education

  Illustrate what kind of behaviour is the rule to foster

Illustrate what kind of behaviour is the rule of respondent superior likely to foster? Does the rule encourage employers to train and supervise their employees better?

  Sports direct is the uks leading sports retailer by revenue

sports direct is the uks leading sports retailer by revenue and operating profit and the owner of a significant number

  Explain president obama has proposed an increase wage

Explain President Obama has proposed an increase in the national minimum wage from the current level

  How is the organization a potential resource to you

Pick one that you think is most relevant to your career goals and tell me why. How is the organization a potential resource to you?

  Nike inc major international strategy

Nike Inc, major international strategy and why that strategy.

  How would an american company marketing abroad benefit

How would an American company marketing abroad benefit from its existing employee base? Would it be beneficial to add multinational members/employees to the organization?

  Include pro-forma ratios for the first year out with deltas

Each year must have two columns: one with your strategy and one without your strategy.Include Pro-Forma ratios for the first year out with deltas contrasting from the most current year's ratios.Net Present Value analysis of proposed strategy's ..

  Cost-benefit analysis

Cost-Benefit Analysis

  Normative ethics and dangerous military jobs

What is the most dangerous job in military, EOD. Do you feel that employees are adequately informed of risk?

  Stakeholder-s needs-values in formal decision making process

Should stakeholder needs and values be considered in a formal decision making process?

  Explain the research design of food hygiene study

This study was a joint project of the Carolina Population Center at the University of North Carolina at Chapel Hill, the Institute of Nutrition and Food Hygiene, and the Chinese Academy of Preventive Medicine. Describe the research design of this ..

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