What is the average accounts receivable figure

Assignment Help Financial Management
Reference no: EM131068294

Skye Flyer, Inc., has weekly credit sales of $15,900, and the average collection period is 61 days. What is the average accounts receivable figure? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Average accounts receivable$   

Reference no: EM131068294

Questions Cloud

What is the projected increase in retained earnings : The Cookie Shoppe expects sales of $2,900 next year. The profit margin is 4 percent and the firm has a 41 percent dividend payout ratio. What is the projected increase in retained earnings?
Considering a new three-year expansion project : Quad Enterprises is considering a new three-year expansion project that requires an initial fixed asset investment of $2.49 million. The fixed asset will be depreciated straight-line to zero over its three-year tax life, after which time it will be w..
What is the payback period for the set of cash flows : What is the payback period for the above set of cash flows?
What is the present value of its growth opportunities : Tri-coat Paints has a current market value of $35 per share with earnings of $2.05. What is the present value of its growth opportunities (PVGO) if the required return is 6%?
What is the average accounts receivable figure : Skye Flyer, Inc., has weekly credit sales of $15,900, and the average collection period is 61 days. What is the average accounts receivable figure?
What is the most you would pay for a share of miller : The Miller Milk Company has just come up with a new lactose-free dessert product for people who can't eat or drink ordinary dairy products. Miller recendy paid an annual dividend of S2.50, which will grow with the company. The return on stocks simila..
What must the coupon rate be on merton bonds : Merton Enterprises has bonds on the market making annual payments, with 16 years to maturity, and selling for $957. At this price, the bonds yield 9 percent. Required: What must the coupon rate be on Merton’s bonds?
Types of firms to lower their asset requirements : Companies with relatively high assets to sales ratios require a relatively large amount of new assets for any given increase in sales: hence they have a greater need for external financing. there are currently no alternatives for these types of firms..
Calculate the value of the firm and the firms equity : The MoMi Corporation’s income before interest, depreciation and taxes, was $2.5 million in the year just ended, and it expects that this will grow by 5% per year forever. The appropriate market capitalization rate for the unleveraged cash flow is 12%..

Reviews

Write a Review

Financial Management Questions & Answers

  By what percentage did your net income change

You have just completed the first year of operation for your business and have the following information: sales, $200,000; cost of goods, $140,000; rent, $18,000; utilities, $8,400; insurance, $2,000; equipment, $3,500; and interest, $10,000. Using t..

  Bt co a beverage manufacturer manufactures one productbt

bt co a beverage manufacturer manufactures one product.bt accounts for its finished goods inventory using fifo. it

  Explain the accounting information for financial management

Write a 700- to 1,000-word paper identifying the specific cost accounting system an organization utilizes and how it uses the accounting information for financial management. Your paper must include the following

  Dividend creation model and secondary market transaction

A firm announces that it is willing to purchase a number of shares back at various prices and shareholders have the option to indicate how many shares they are willing to sell at various prices.

  Buys stream of lottery payments

On may 1,2008 your client won 21.25 million in the Wisconsin lottery. The lottery commission gave them the option of receiving a lump sum or a 25-year annuity paying 850,000 each year, with the first payment received on May 1, 2008 and the last payme..

  Calculate emcs estimated value of operations

EMC Corporation has never paid a dividend. Its current free cash flow of $370,000 is expected to grow at a constant rate of 4.7%. The weighted average cost of capital is WACC = 11.75%. Calculate EMC's estimated value of operations. Round your answer ..

  Negative growth stockswinton mining has seen its business

negative growth stockswinton mining has seen its business slowly wind down. it recently paid a dividend of 1.80 per

  What is the expected return on the portfolio

You own a portfolio that is 35 percent invested in Stock X, 20 percent in Stock Y, and 45 percent in Stock Z. The expected returns on these three stocks are 9 percent, 17 percent, and 13 percent, respectively. What is the expected return on the portf..

  Proposed project requires an initial cash outlay

A proposed project requires an initial cash outlay of $749,000 for equipment and an additional cash outlay of $48,500 in year one to cover operating costs. During years 2 through 4, the project will generate cash inflows of $354,000 a year. What is t..

  What level of pretax cost savings

A proposed cost-saving device has an installed cost of $640,000. The device will be used in a five-year project but is classified as three-year MACRS property for tax purposes. The required initial net working capital investment is $46,000, the margi..

  About the investing strategy

Investing Strategy. Should McNeese Co. consider investing funds in Latin America countries where it may expand facilities? The interest rates are high and the proceeds from the investment could be used to help support the investment. When would this ..

  What is the time premium paid for the call

What is the time premium paid for the call? What is the maximum possible loss from buying the call? unlimited. What is the maximum profit the buyer of the call can earn? unlimited. What price of the stock will assure that the buyer of the call will n..

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