Firm to collect on its credit sales

Assignment Help Finance Basics
Reference no: EM132540736

Sport store has sales of $897,400 cost of goods sold of $228,300, inventory of $108,400 and accounts receivable of $74,100. How many days on average does it take the firm to collect on its credit sales?

Reference no: EM132540736

Questions Cloud

How many units did jim-n-john complete during january : On January 1st, Jim-N-John uses a weighted-average process costing system. How many units did Jim-N-John complete during January?
What is the firm operating cash flow : Tubby Toys estimates that its new line of rubber ducks will generate sales of $6.70 million, operating costs of $3.70 million, and a depreciation expense
Function of governance in blockchain environment : The need and function of governance in a blockchain environment. Create a new thread, choose two aspects of enterprise blockchain governance
What is the value of nhl finished goods inventory : During January, NHL started production on an additional, What is the value of NHL's Finished Goods Inventory at the end of January
Firm to collect on its credit sales : How many days on average does it take the firm to collect on its credit sales?
Portfolio project-commencement presentation : Imagine, you have just completed your CSU-Global coursework and are planning to attend commencement in Denver.
Prepare the discount grid including the discount effect : Prepare the discount grid including the discount effect based on the current and two different discount situations (assume that marginal cost will remain)
Recommend issuing a three-month time deposit : To reduce risk, would you recommend issuing a three-month time deposit and investing the proceeds in one-year T-bills? Will you profit if rates fall during
Will the breakeven unit be increased or decreased : If Home Depot decides to allocate more resources on marketing/advertising, will the breakeven unit be increased or decreased? Provide the suitable example.

Reviews

Write a Review

Finance Basics Questions & Answers

  How much must you donate today to fund this award

How much must you donate today to fund this award? Round your answer to the nearest dollar.

  Trevor price bought 10-year bonds issued by harvest foods

trevor price bought 10-year bonds issued by harvest foods five years ago for 981.15. the bonds make semiannual coupon

  What is the expected borrowing cost

If there is a 2.5% prepayment penalty for repaying the loan in the first 5 years, what is the expected borrowing cost?

  What is the convertible issue''s conversion ratio

Peterson Securities recently issued convertible bonds with a $1,000 par value. The bonds have a conversion price of $40 a share. What is the convertible issue's conversion ratio?

  Debt and solve for the ebit

Use the M&M proposition I formula without taxes and without debt and solve for the EBIT. (Do not round intermediate calculations. Enter your answer in dollars, not millions of dollars, e.g. 1,234,567.)

  What is the projects discounted payback period

(Discounted payback period) You are considering a project with the following free cash flows. If the appropriate discount rate is 10 percent.

  Find the penalty griff will pay

Griff's property tax is $670.64 and is due April 10. He does not pay until June 21. The county adds a penalty of 7.5% simple interest on unpaid tax. Find the penalty Griff will pay. (Assume there are 365 days in a year.)

  Legal and regulatory-global-economic-techno-logical

Which of external factors (Legal and regulatory, Global, Economic, Techno-logical, Innovation, Social, Environmental, Competitive Analysis)

  The 2008 balance sheet of marias tennis shop inc showed 23

the 2008 balance sheet of marias tennis shop inc. showed 2.3 million in long-term debt 700000 in the common stock

  Would you ask for advice in this situation

You are concerned that if you ask for that advice project authorities will see you as being silly or incompetent. Would you ask for advice in this situation?

  At what size capital structure will there be a change

The 6.5 percent cost of debt referred to earlier applies only to the first $17 million of debt. After that the cost of debt will go up.

  What is the total of the minimum payments

What is the total of the minimum payments? What is the total of the finance charges? How much does the starting balance decrease after these three payments? The total of your finance charges is what percent of your total payments?

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