User Account

All Pages

What amount of free trade credit does alexis corporation

Assignment Help Financial Accounting
Reference no: EM132899782

Question 1: Alexis Corporation purchases on terms of 2/15, net 30 days. It does not take discounts, and it typically pays 30 days after the invoice date. Net purchases amount to $730,000 per year. On average, what amount of "free" trade credit does Alexis Corporation receive during the year (using 365 days)?

Option 1: $30,000

Option 2: $50,000

Option 3: $70,000

Option 4: $60,000

Reference no: EM132899782

Questions Cloud

Flexible-budget analysis and static-budget analysis : Analytical summary of the learning outcomes (Variance Analysis). Why might managers find a flexible-budget analysis more informative than static-budget analysis
Find what change would be expected on the balance sheet : What change would be expected on the balance sheet/statement of financial position of its customer if the firm went to a net cash 30 policy?
Find what is angel corporation cash conversion cycle : What is Angel Corporation's cash conversion cycle? Angel Corporation has an average accounts receivable balance of $1,250,000.
Patient engagement for reducing health expenditure : How important is patient engagement for reducing health expenditure? Is it attainable, and if so, should patients be held accountable?
What amount of free trade credit does alexis corporation : Net purchases amount to $730,000 per year. On average, what amount of "free" trade credit does Alexis Corporation receive during the year (using 365 days)?
Forecasting the tourism demand volatility : How to describe a problem statement about forecasting the tourism demand volatility using Smooth transition exponential smoothing?
Discuss the inventory characteristics : Discuss the inventory characteristics, categorize the inventory criteria under which the inventory could be classified, and discuss the inventory model
Long-term financing for organization : How will you, as a health care manager, be involved in long-term financing for your organization? Provide examples.
Registered disability savings accounts : Which of the following statements is not true about Registered Disability Savings Accounts (RDSP? .

Reviews

Write a Review

Financial Accounting Questions & Answers

  Gross income is some interest he earns from savings account

Toni claims her father as a dependent. The father is 80 years old. The father’s only source of gross income is some interest he earns from a savings account. The father’s gross income threshold for purposes of having to file a tax return for 2014 is ..

  Prepare journal entries to record the foregoing transactions

Following are several transactions involving a university. In fiscal year 2017, the university was notified by the federal government that in 2018 it would receive a $580,000 grant for wetlands research. The university received a $600,000 endowment. ..

  Nominal interest rate as return on your investment

A 30- year bond has a face value of $5,000.00 and it pays dividend every 2 months at a nominal interest rate of 12%. You purchased the bond for $4, 800.00 at a given time. After 3 years you decided to sell it. What is your selling price if you earned..

  Make the journal entries for transaction of amy publishing

Make the journal entries for the transaction of Amy's publishing company in September 2020. On September 30th, Amy's publishing company estimated

  Identify the various classifications such as current assets

Determine and identify the various classifications, such as current assets; current liabilities; and property, plant, and equipment

  What should do to manage the currency risk

DLY has a franchise in the US. Economists believe that the euro will depreciate next year. Advice the company what should they do to manage the currency risk

  Write the net cash received from customers

Write the net cash received from customers during the year ended 30 June 20X2. Doubtful debts expense $50,000. Sales revenue $5,000,000

  How to manually get the numbe

If you have an excel formula for getting the actual portfolio return that would be very helpful. If not, please show how to manually get the number.

  Complete the cash budget by filling in the missing amounts

The accountant for Erica’s Dress Shop prepared the following cash budget. Erica’s desires to maintain a cash cushion of $17,000 at the end of each month. Funds are assumed to be borrowed and repaid on the last day of each month. Interest is charged a..

  How much should anshul deposit today in an account

How much should Anshul deposit today in an account paying 7 percent interest to meet his goal of having additional $25,000 a year in his retirement?

  Income statement

Please Prepare: 1. Income Statement 2.Retained Earnings and 3.Balance sheet for the following

  Evaluate the manufacturing cycle efficiency

Compute the throughput time, compute the manufacturing cycle efficiency (MCE) and what percentage of the production time is spent in non-value-added activities?

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd