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The Blawnox Company is concerned about its bad-debt losses and the length of time required to collect receivables. Current sales are $43.8 million per year. Bad-debt losses are currently 3.5 percent of sales, and the average collection period is 68 days (credit terms are "net 30"). One plan under consideration is to tighten credit standards by refusing to grant additional credit to any customers who are more than 15 days past due on their payments. This change in credit policy is expected to reduce sales by 10 percent but also reduce bad-debt losses to 2.5 percent of sales and reduce the average collection period to 40 days. The firm's variable cost ratio is 70 percent, and its required pretax rate of return on current assets investments is 18 percent. The company also expects its inventory investment to decrease by $1 million due to the anticipated decrease in sales. Determine the net effect of this plan on Blawnox's pretax profits.
What are some sources of short-term, medium-term, and long-term international financing? What are the costs associated with each of these sources?
Assume all sales and purchases are on credit. Which one of the following statements is correct concerning the cash cycle? a. the cash cycle starts when inventory is purchased
abc electronics is considering an investment that will have cash flows of 16000 5000 and 4000 for years 1 through 3.
Which of the following refers to accounting information that is used by investors, creditors, and other outside parties for analyzing management performance and decision-making?
What is the formula for calculating residual income? I have sales #'s, invested capital #'s, net operating profit after taxes #'s and minimun required return percentage.
Write a 350- to 700-word essay comparing the similarities and differences between virtue theory, utilitarianism, and deontological ethics. Include the following in your essay:
Frank's Formals rents apparel throughout the year. They have experienced non-payment by about 15% of their customers with an average loss of $400. Frank's wants to stem their losses by using an instant electronic credit check on the customer. These c..
The bank recorded a deposit of $200 as $2,000.The Company's bookkeeper mistakenly recorded a payment of $250 received from a customer as $25 on the bank deposit slip.
Which of the following types of firms are guaranteed to make positive economic profit? a. Both a perfectly competitive firm and a monopoly
What is the margin of error for this study? Use 95% confidence. What is the 95% confidence interval estimate for the population mean weekend gross per theater? The Last World took in $ 72.1 million in its first three day weekend.
Compute the amount of the unrecovered investment for each of the 4 years using the rate of return on the unrecovered balance.
Calculate the NPV from replacing the old machine. Should investment in the new machine be accepted or rejected? Why?
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