Snider industries sells on term of 210 net 45 total sales

Assignment Help Finance Basics
Reference no: EM13478519

Snider Industries sells on term of 2/10, net 45. Total sales for the year are $1,500,000. Thirty percent of customers pay on the 10th day and take discounts: the other 70% pay, on average, 50 days after their purchases.

a. What is the days sales outstanding?
b. What is the average amount of receivables?

c. What would happen to average receivables if Snider toughened its collection policy with the result that all non-discount customers paid on the 45th day.

Remember to include a brief discussion of each problem.

Reference no: EM13478519

Questions Cloud

Do you think multiculturalism has led to decrease in social : do you think multiculturalism has led to decrease in social cohesion? whywhy not?1500 word essayat least 4 educational
You develop a lesson plan comparing financial risks of a : you are a senior financial consultant for 123 corporation. your ceo has asked that you train incoming consultants on
What required return should investors be demanding on : storico co. just paid a dividend of 2.05 per share. the company will increase its dividend by 24 percent next year and
Describe a number of techniques and considerations : length no longer than 2 pages typed single spaced 11pt font.assignment detailsyou have moved on from your position at
Snider industries sells on term of 210 net 45 total sales : snider industries sells on term of 210 net 45. total sales for the year are 1500000. thirty percent of customers pay
In 750 to 1000 words total respond to the following why : in 750 to 1000 words total respond to the following why might a firm use a local capital structure at a particular
Using the company research in motion llc the makers of : using the company research in motion llc the makers of blackberry identify examples of how concepts and issues in
The initial cash outlay for this project would be 85000 : sister pools sells outdoor swimming pools and currently has an aftertax cost of capital of 11.6 percent. als
The company forecasts that its net income this year will be : sanchez company has planned capital expenditures that total 2000000. the company wants to maintain a target capital

Reviews

Write a Review

Finance Basics Questions & Answers

  Financial reporting and analysis

Finance is about Gunns Ltd, a company in dealing with forestry products in Australia. The company has also been listed in Australian Stock Exchange. As many companies producing forestry products, even Gunns Ltd is facing various problems. Due to the ..

  A report on financial accounting

This report is specific for a core understanding for Financial Accounting and its relevant factors.

  Describe the types of financial ratios

Describe the types of financial ratios and other financial performance measures that are used during venture's successful life cycle.

  Differences between sole proprietorship and corporation

Briefly describe the major differences between a sole proprietorship and a corporation

  Prepare a cash budget statement

Calculate the expected value of the apartment in 20 years' time. What is the mortgage loan repayment at the beginning of each month

  What are the implied interest rates

What are the implied interest rates in Europe and the U.S.?

  State pricing theory and no-arbitrage pricing theory

State pricing theory and no-arbitrage pricing theory

  Small business administration

Identify the likely stage for each venture and describe the type of financing each venture is likely to be seeking and identify potential sources for that financing.

  Effect of financial leverage

The Effect of Financial Leverage and working capital management

  Evaluate the basis for the payment to the lender

Evaluate the basis for the payment to the lender and basis for the payment to the company-counterparty.

  Importance of opps, ipps, mpfs and dmepos

Research and discuss the differences and importance of : OPPS, IPPS, MPFS and DMEPOS.

  Time value of money

Time Value of Money project

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