What is its accounts receivable balance

Assignment Help Financial Management
Reference no: EM132833800

Problem - DAYS SALES OUTSTANDING - Baxley Brothers has a DSO of 23 days, and its annual sales are $3,650,000. What is its accounts receivable balance? Assume that it uses a 365-day year. Baxley Brothers has a DSO of 23 days, and its annual sales are $3,650,000. What is its accounts receivable balance? Assume that it uses a 365-day year.

Reference no: EM132833800

Questions Cloud

Employee monitoring send to employees : What sorts of messages does employee monitoring send to employees? What about to other stakeholders?
How each assessment could be differentiated for a child : Assessment of students is a key element in creating appropriate instruction for students. Teachers must be able to administer assessments as well as determine.
Determine the allowable qbi deduction : Diego and Molly are married, What is their tentative QBI based on the W-2 Wages/Capital Investment Limit? Determine their allowable QBI deduction?
How would you describe the elasticity of demand for product : Demand function specifies other factors that management will often consider, including the design and packaging of products, the amount and distribution.
What is its accounts receivable balance : Baxley Brothers has a DSO of 23 days, and its annual sales are $3,650,000. What is its accounts receivable balance
Deal with measurement in business research : This is the first of two chapters that deal with measurement in business research.
Prospects of business intelligence : Prospects of Business Intelligence in context to Supplier Networks through Big Data Analytics - big data analytics to look into opportunities for business
Describe staffing needs for continuous hedging management : Think about costs of hedging; variables needed to evaluate hedging; and the time, effort, and staffing needs for continuous hedging management.
How an audit committee could improve effectiveness : Explain how an audit committee could improve its effectiveness on internal auditor's internal control review and oversight work.

Reviews

Write a Review

Financial Management Questions & Answers

  How deferred income taxes will be reported on the statement

It is estimated that the litigation liability will be settled in 2020. The difference in Accounts receivable will result in taxable amounts of $30,000.

  Discover the engine-oil additive your scientists developed

You discover the engine-oil additive your scientists developed three years ago makes a great men's after- shave once diluted properly using certain chemicals.

  Firm credit customers to pay for their purchases

How long does it take for the firm's credit customers to pay for their purchases?

  Earnings-dividends when all other factors are held constant

Which of the following statements accurately descrives the relationship between earnings and dividends when all other factors are held constant?

  Challenge fama efficient market hypothesis

When we see or hear about financial/corporations scandals how does this challenge Fama's Efficient Market Hypothesis?

  Multibillion dollar acquisition at a significant premium

The CEO was pivotal in persuading the Board of Directors to approve a multibillion dollar acquisition at a significant premium.

  Annual payment-ordinary annuity instead of a perpetuity

You are willing to pay $15,625 now to purchase a perpetuity which will pay you and your heirs $1,250 each year, forever, starting at the end of this year. If your required rate of return does not change, how much would you be willing to pay if this w..

  What steps were taken to overcome the cannibalization

Identify two corporations that have dealt with cannibalization and what steps were taken to overcome the cannibalization.

  Considering new three-year expansion project

Quad Enterprises is considering a new three-year expansion project that requires an initial fixed asset investment of $2.82 million.

  What is the dividend payout ratio for the next four years

Futher assuming that the firm does not change its stated divided, what is the dividend payout ratio for the next four years.

  Describe the basis of the political opposition to the ecgd

Role of factors. What is the role of a factor in inter- national trade transactions? ECGD What is the role today of the ECGD? Describe the basis of the political opposition to the ECGD.

  What is expected to be in the account

How much cash will he need five years from now in addition to what is expected to be in the account?

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