Net credit position mcgriff dog food company normally takes

Reference no: EM13480988

Net credit position McGriff Dog Food Company normally takes 20 days to pay for average daily credit purchases of $9,000. Its average daily sales are $10,000, and it collects accounts in 25 days.What is its net credit position? That is, compute its accounts receivable and accounts payable and subtract the latter from the former.If the firm extends its average payment period from 20 days to 32 days (and all else remains the same), what is the firm's new net credit position? Has it improved its cash flow?

Reference no: EM13480988

Questions Cloud

A cost analyst for stamper manufacturing co has assembled : a cost analyst for stamper manufacturing co. has assembled the following data about the model 24 stamp pad the piece of

The current prime rate is 85 percent and capital charges 35 : accounts receivable financing charmin paper company sells to the 12 accounts listed below. account receivable balance

Bank loan to take cash discount the reynolds corporation : bank loan to take cash discount the reynolds corporation buys from its suppliers on terms of 210 net 55. reynolds has

This means that the opportunity cost of external equity : for small issues of common stock the issue costs to about 10 percent of the proceeds. this means that the opportunity

Net credit position mcgriff dog food company normally takes : net credit position mcgriff dog food company normally takes 20 days to pay for average daily credit purchases of 9000.

Analyze finance and value creation arguments analyze : write a 2-3 page critique of the ten ways to create shareholder value article from your required unit resources. note

A friend has 4800 that has been saved from her part-time : a friend has 4800 that has been saved from her part-time job. she will need her money plus any interest earned on it in

In what ways does the bookbuilding method of selling new : in what ways does the bookbuilding method of selling new issues differ from a formal

Cash discount decision regis clothiers can borrow from its : cash discount decision regis clothiers can borrow from its bank at 11 percent to take a cash discount. the terms of the

User Account

All Pages