What is the average accounts receivable balance

Assignment Help Finance Basics
Reference no: EM13270870

On average, your firm sells $26,600 of items on credit each day. The firm's average operating cycle is 43 days and it acquires and sells inventory, on average, every 26 days. What is the average accounts receivable balance?

$691,600
$1,143,800
$406,980
$452,200
$813,960

 

Reference no: EM13270870

Questions Cloud

Define what volume in ml of concentrated nitric acid : What volume in mL of concentrated nitric acid (72.0% HNO3 (w/w), sp. gr. 1.42) is required to prepare exactly 3.85 L of 0.330 M HNO3?
How much time passes before it hears an echo : A dolphin located in sea water at a temperature of 25°C emits a sound directed toward the bottom of the ocean 105 m below
State splitting patterns and integrations : Splitting patterns and integrations may be used more than once, or not at all, as needed. Likewise, some bins might remain blank. Note that peak heights are arbitrary and do not indicate proton integrations.
Write an essay on hanas life and her struggle : Write an essay on Hanas life and her struggle. last paragraph is about What she learnt from her struggle ?
What is the average accounts receivable balance : On average, your firm sells $26,600 of items on credit each day. The firm's average operating cycle is 43 days and it acquires and sells inventory, on average, every 26 days. What is the average accounts receivable balance?
What is the change in the trucks kinetic energy : A 2300 kg truck traveling north at 39 km/h turns east and accelerates to 57 km/h. What is the change in the truck's kinetic energy
What will the waccs be for each division : What will the WACCs be for each division? (Do not round intermediate calculations and round your final answers to 2 decimal places.)
Define molar concentration of cl- in the standard kno3 : Compute the molar concentration of Cl- in the standard KNO3 solution if the flask is rinsed only one time with distilled water.
How much will your purchasing power increase : An invesment offers to pay you 12% over the next year. You expect inflation to be 2.5% over that same year. How much will your purchasing power increase if you make this investment?

Reviews

Write a Review

Finance Basics Questions & Answers

  What is mullineauxs wacc

Mullineaux Corporation has a target capital structure of 70 percent common stock, 10 percent preferred stock, and 20 percent debt. Its cost of equity is 12 percent, the cost of preferred stock is 6 percent, and the pretax cost of debt is 8 percent..

  How much would he be able to withdraw annually

Joe inherited $25,000 and wants to buy an annuity that will give him steady income over the next 12 years. He has heard that the local bank is currently paying 6% on an annual basis. If he were to deposit his funds here, how much would he be able ..

  Computation of present value

Determine the present value of your trust fund if it promises to pay you $50,000 on your 40th birthday seven years from today  and earns 10 percent compounded annually

  Working capital management comprises computation of cash

Working capital management comprises computation of cash conversion and what is Primrose's cash conversion cycle

  What rate should the firm use to discount the project

If the firm is evaluating a new investment project that has the same risk as the firm's typical project, what rate should the firm use to discount the project's cash flows?

  Money market fund for cash investments

I have received an inheritance for which I require to make good investment decisions. I have received a $100,000 inheritance and would like to invest.

  Evaluate the proposed relaxation

Scott Equipment Organization is suppose that the organization has decided to employ $30 million in current assets, along with $35 million in fixed assets, in its operations next year.

  Determination of profit

Laurn has a margin account and deposited $50,000. Assume the prevailing margin requirement is 40%, suppose commissions are ignored, and Gentry Shoe Corporation is selling at $35 per share.

  Find the best option to buy an automobile

Suppose you want to buy an automobile for $34,633. The dealer offers you 0% financing for 72 months or a $3,076 rebate. You can get financing for 72 months at the local bank.

  How much should he save annually

Bill plans to have $1,200,000 for his retirement in 40 years. How much should he save annually if he thinks he can earn an average of 6% a year on his investments?

  Computations of cash flow

If, at the end of project life, a piece of machine having a book value of $4,000 is expected to bring $3,000 upon resale, and income tax rate is 40 percent,

  What is the effective annual interest rate of the loan

Carry Trade, Inc., borrows yen when the yen is trading at Y110/US$. If the nominal annual interest rate of the loan is 3% and at the end of the year the yen trades at Y120/US$, what is the effective annual interest rate of the loan?

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