What is the accounts receivable balance at the end

Assignment Help Finance Basics
Reference no: EM13284857

Davis and Davis have expected sales of $490, $465, $450, and $570 for the months of January through April, respectively. The accounts receivable period is 28 days. What is the accounts receivable balance at the end of March? Assume a year has 360 days.

A. $420 B. $426 C. $440 D. $450 E. $482

 

Reference no: EM13284857

Questions Cloud

What is the time taken by the cat to complete a full circle : Cat rides a merry-go-round turning counter clock wise at a uniform speed. There, the cat is under uniform circular motion. what is the time taken by the cat to complete a full circle
Estimate the dielectric constant of the dielectric : A parallel plate capacitor has a capacitance of 8.0 µF when filled with a dielectric. estimate the dielectric constant of the dielectric
Define the mole fraction of solute : What is the mole fraction of solute and the molal concentration for an aqueous solution that is 10.0% NaOH by mass
How to trace that when both jk flip flops depend on input : but the K input of the second JK flip flop depends on the negated output of the first JK flip flop and x AND together. How to trace that when both JK flip flops depend on input from the other one
What is the accounts receivable balance at the end : Davis and Davis have expected sales of $490, $465, $450, and $570 for the months of January through April, respectively. The accounts receivable period is 28 days. What is the accounts receivable balance at the end of March? Assume a year has 360 ..
Explain change from the color of the original solution : Why does the color of a precipitate change from the color of the original solution. For example, if copper sulfate is blue, why is it's precipitate white
What costs would be involved in setting the product price : What costs would be involved in setting the product price for the blackberry z10?
Judge in a court with a small caseload : What if you were a judge in a court with a small caseload and had to base your sentencing decisions on only two contextual factors; which two would you chose and why do you think they are the most important? Why didn't you choose the other two factor..
Design process from developing the state diagram through : design a Mealy FSM to control a vending machine. This vending machine sells chewing gum for 20 cents. There is a single coin slot that accepts either a nickel or a dime. Only one coin can be input at a time and no change is given.

Reviews

Write a Review

Finance Basics Questions & Answers

  Is there an arbitrage opportunity

If yes, state very carefully which asset you will buy, which you will sell, and how much (in what proportion).

  Basic concepts in finance-solution set

You currently receive $10,000 per year on annuity contract. It will expire in eight years. Someone wants to purchase the contract from you. If you can earn 12% on other investments of the same quality and risk, how much would you be willing to sel..

  Investment timing

Suppose you can purchase an optical scanner today for $400. The scanner provides benefits worth $60 a year. The expected life of the scanner is tenm years. Scanners are expected to decrease in price by 20% per year.

  Decision tree analysis-investment options

Marcal Corporation is considering foreign direct investment in Asia. The company approximates that the project would require an initial investment of $14 million. Discuss 2-3 factors other than the value of the real option that the company should c..

  What was the sticker price of the car

What was the sticker price of the car if the monthly interest rate is 1.5% (periodic rate) and it takes 4 years (48 months) to pay off the car?

  Calculating after-tax salvage value

A project will produce an operating cash flow of $14,600 a year for 8 years. The initial fixed asset investment in the project will be $48,900.

  Determine sensitivities of the portfolio

Based on a three factor model, consider a portfolio composed of three securities with the following characteristics, determine the sensitivities of the portfolio to factors 1, 2, and 3?

  Determining foreign corporate tax rate

Suppose England raised its corporate tax rate by 1 percentage point from 40% to 41%. How would this increase affect the economics of a U.S.-U.K. foreign expansion project?

  What is the standard deviation of the returns

A security has the following expected returns and probabilities of occurrence.

  Why can a closed-end investment company sell for a discount

why can a closed-end investment company sell for a discount from net asset value but a mutual fund cannot sell for a discount?

  Discuss the free cash flow model

Discuss the free cash flow model, the adjusted present value model, and the residual income model.

  Yield to maturity and yield to call

Illustrate out the differences between the yield to maturity (YTM) and the yield to call (YTC) on a bond. Why would the return to the investor be different if a bond is called? Why?

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