Problem regarding the accounts receivable

Assignment Help Finance Basics
Reference no: EM131115455

Al's Sport Store has sales of $2,860, costs of goods sold of $2,070, inventory of $519, and accounts receivable of $424. How many days, on average, does it take the firm to sell its inventory assuming that all sales are on credit?

Reference no: EM131115455

Questions Cloud

How do you believe the accounts should be listed : Within the current liabilities section, how do you believe the accounts should be listed? Defend your position.
Describe your personal and professional responsibilities : Write a 500- to 750-word executive summary presenting your ideas and recommendations for the prevention program. Include the following: As a human services professional, describe your personal and professional responsibilities toward the movement..
Company pledges to increase its dividend : Schiller Corporation will pay a $3.14 per share dividend next year. The company pledges to increase its dividend by 5 percent per year, indefinitely.
What was ryde and rowe''s operating income for january : As of January 31, what will be the balance in the Manufacturing Overhead account? What was Ryde and Rowe's operating income for January?
Problem regarding the accounts receivable : Al's Sport Store has sales of $2,860, costs of goods sold of $2,070, inventory of $519, and accounts receivable of $424. How many days, on average, does it take the firm to sell its inventory assuming that all sales are on credit?
Is required to make interest payments at the higher nominal : Assume a currency swap in which two counterparties of comparable credit risk each borrow at the best rate available, yet the nominal rate of one counterparty is higher than the other. After the initial principal exchange, is the counter party that is..
Record a liability for pending litigation for threatened lit : What factors must be considered in determining whether or not to record a liability for pending litigation for threatened litigation?
Choice of borrowing from a finance company : Calculating EAR You have a choice of borrowing from a finance company at 23 percent compounded annually or borrowing money from a bank at 25 percent compounded daily. Which alternative is the most attractive.
Describe the conflicting emotions the parent may have : What can a teacher do to reinforce the primary relationship between the parent and the child and to communicate that the teacher does not desire to take the parent's place in the child's life?

Reviews

Write a Review

Finance Basics Questions & Answers

  Can you find any money-making opportunities

Now look in the newspaper at options with the same maturity but different exercise prices. Can you find any money-making opportunities?

  Mria addai has been offered a future payment of 750 two

present value maria addai has been offered a future payment of 750 two years from now. if she can earn 6.5 percent

  What is the companys weighted average cost of capital

What is the companys weighted average cost of capital? (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16))

  What is the market price of bond

Grand Adventure Properties offers a 10.2 percent coupon bond with annual payments. The yield to maturity is 15.1 percent and the maturity date is 11 years from today. What is the market price of this bond if the face value is $1,000?

  Manufactures bottles for brewers and beverage companies.

Chief Financial Officer of the ABC Corporation. ABC has two divisions, one of which distributes alcohol, while the other manufactures bottles for brewers and beverage companies.

  Role and history of international accounting standards

Describe the role and history of the International Accounting Standards Board. Include an examination of the Board's evolution and stance on ethics issues.

  What is jeffrey immelt (ge''s ceo) problem

1. What is Jeffrey Immelt's (GE's CEO) problem? Evaluate all of his options. What do you recommend?

  What has the dollar amount of each deposit

For the last 10 years you have been depositing a fixed amount into your savings account. You have been doing that once a year at the beginning of each year. You now have $35,000 in your account.

  Changes in the forward rate assume that interest rate

changes in the forward rate assume that interest rate parity exists and will continue to exist. as of this morning the

  Delfinos expects to pay an annual dividend of 150 per

delfinos expects to pay an annual dividend of 1.50 per share next year. what is the anticipated dividend for year 5 if

  Kohers inc is considering a leasing arrangement to finance

kohers inc. is considering a leasing arrangement to finance some manufacturing tools that it needs for the next 3

  Statements about stock dividends

1. Which of the following statements about stock dividends is true?

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