What is its accounts receivable balance

Assignment Help Financial Management
Reference no: EM131339639

Baker Brothers has a DSO of 25 days, and its annual sales are $6,570,000. What is its accounts receivable balance? Assume that it uses a 365-day year. Round your answer to the nearest cent.

Reference no: EM131339639

Questions Cloud

Find the coupon amounts and draw the cash flow timeline : A Ford Motor Co. coupon bond has a coupon rate of3.1?%,a face value of $1,000?,and pays annual coupons. The bond will mature in 4 years. The? bond's yield-to-maturity is5.9?%. Find the coupon amounts and draw the cash flow timeline.
Compute the yield to maturity of value bond with coupon rate : Compute the yield to maturity of a $2,500 par value bond with a coupon rate of 7.95% (quarterly payments – that is, four times per year) that matures in 25 years. The bond is currently selling for $3,265.
Expectations theory-current rate for treasury security : The current one-year T-bill rate is .30 percent and the expected one-year rate 12 months from now is 1.48 percent. According to the unbiased expectations theory, what should be the current rate for a two-year Treasury security?
Dividend payout rate and expected growth rate : Maynard Steel plans to pay a dividend of $2.99 this year. The company has an expected earnings growth rate of 3.8 % per year and an equity cost of capital of 9.3%. Assuming? Maynard's dividend payout rate and expected growth rate remain? constant, an..
What is its accounts receivable balance : Baker Brothers has a DSO of 25 days, and its annual sales are $6,570,000. What is its accounts receivable balance? Assume that it uses a 365-day year.
Purchasing the asset requires capital cost : Calculate the NPV of an investment with the following conditions and then conclude which one is better. Purchase the Asset: purchasing the asset requires capital cost of 400,000 (at time 0) and can be depreciated based on MACRS 7 year life depreciati..
Assume the risk free rate and the beta remain unchanged : A stock has a required return of 10%, the risk free rate is 4% and the market risk premium is 6%. What is the stock's beta? If the market risk premium increased to 8% what would happen to the stock's required rate of return? Assume the risk free rate..
Dividends were paid to shareholders during the year : In its most recent financial statements, Newhouse Inc. reported $35 million of net income and $665 million of retained earnings. The previous retained earnings were $632 million. How much in dividends were paid to shareholders during the year? Assume..
What is the company unlevered cost of equity capital : Calculating WACC [LO1] Twice Shy Industries has a debt−equity ratio of 1.1. Its WACC is 8.2 percent, and its cost of debt is 6.4 percent. The corporate tax rate is 35 percent. What is the company’s cost of equity capital? What would the cost of equit..

Reviews

Write a Review

Financial Management Questions & Answers

  How to calculate the average market price

How to calculate the average market price? Anoi Inc. is about to announce that it will expect to experience rapid growth for the near future with dividends growing at 27% for the next two years, 17% for the following two years, and then its current n..

  What is the price per share of the companys stock

Ward Corp. is expected to have an EBIT of $2,900,000 next year. Depreciation, the increase in net working capital, and capital spending are expected to be $185,000, $125,000, and $135,000, respectively. What is the price per share of the company's st..

  What is standard deviation of rate of return on investment

A project has a .7 chance of doubling your investment in a year and a .3 chance of halving your investment in a year. What is the standard deviation of the rate of return on this investment?

  What is the present value of her lottery winnings

1) If the APR is 15 percent, what is the effective annual interest rate (EAR), in percent, if the compounding is monthly? Sharon Kabana won the state lottery and will receive a payment of $89,729.45 at the end of each year for the next 20 years. If t..

  Present value of the monthly saving is less that points paid

You plan to purchase a house for 250,000 using a 15-year mortgage obtained from your local bank. You will make a down payment of 20% of the purchase price and monthly payments. You will not pay off the mortgage early. Your bank offers you the followi..

  Illustrate about the EOQ model

Tiger Corporation purchased 1,200,000 per year. Fixed cost is $22.per order Annual carrying cost is 26.8% of its $1.67. Determine the EOQ if the conditions hold, the order cost is 0 instead of $22, the order cost is $22 but the carrying cost is $.01...

  What is the return on each stock

The following three stocks are available in the market: Stock A 11.2 % 1.34 Stock B 14.4 1.14 Stock C 16.9 1.54 Market 14.8 1.00 Assume the market model is valid. The return on the market is 15.6 percent and there are no unsystematic surprises in the..

  What are the proceeds of the issue for each company

Company XYZ enters into firm commitment underwriting agreement with Company ABC to issue 4200 of bonds with a 1,000 face value. Company ABC agrees to buy the bonds for $620 each and sells 84% of the issue in the market for $831 per bond. What are the..

  Market portfolio in new optimal portfolio

Consider the following market portfolios from the US, UK, and Japan. You are thinking about diversifying your existing portfolio with the UK market. Should you include the UK market portfolio in your new optimal portfolio?

  An investor can make tactical adjustments

Once a strategic asset allocation is in place, an investor can make “tactical” adjustments to take advantage of market opportunities or to avoid risks. Which of the following is not an example of tactical shifts:

  The real risk-free rate of interest

The real risk-free rate of interest is 3%. Inflation is expected to be 2% this year and 4% during the next 2 years. Assume that the maturity risk premium is zero. What is the yield on 2-yr and 3-yr US Treasury bonds? (Hint: for US Treasury bonds, DRP..

  Advantage of trading through an export agent

Which of the following is true of export agents? In international business, an advantage of trading through an export agent instead of directly is that the company does not have to deal with: Which of the following is an example of a global strategy?

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