What is the average investment in accounts receivable

Assignment Help Financial Management
Reference no: EM131545257

The Bates Corporation has annual credit sales of $34 million. The average collection period is 36 days.

What is the average investment in accounts receivable as shown on the balance sheet? (Enter your answer in dollars, not millions of dollars, e.g., 1,234,567. Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Average receivables

Reference no: EM131545257

Questions Cloud

Average balance sheet amount in accounts receivable : What is the average collection period? what is its average balance sheet amount in accounts receivable?
At what point does proximity alter the condition of liking : At what point does proximity alter the condition of liking? Do you see this happening in the work place
Considering purchasing automatic concrete loading machine : ABC Company is a construction company which is considering purchasing an automatic concrete loading machine.
Identify the independent and dependent variables : Identify the independent and dependent variables. How are potential confounds minimized in this design? Explain your answer
What is the average investment in accounts receivable : What is the average investment in accounts receivable as shown on the balance sheet?
Describe the key aspects of the trend : The trends are: Aging in America, An Emphasis on Diversity, Select one of those areas, and describe the key aspects of the trend
What must the beta of this stock be : A stock has an expected return of 11.2 percent, the risk-free rate is 3 percent, and the market risk premium is 5 percent. What must the beta of this stock be?
Present value of expected dividends as basis of stock value : The dividend discount model seeks to find the present value of expected dividends as a basis of stock value.
What must the expected return on stock be : What must the expected return on this stock be?

Reviews

Write a Review

Financial Management Questions & Answers

  Consider five-year fixed-payment security

Consider a five-year fixed-payment security that has a present value of $1,500. If the annual rate of discount is 2 percent, the payment made at the end of each year is

  What is bobs cost of preferred stock

Bobs stuff, INC has preferred stock with a stated dividend of $3.57, which is currently trading at 25.6 per share. Bob bleives he can sell shares at that cost, but with flotation costs at 7% of the selling price. What is Bobs cost of preferred stock?

  Describe different ways of classifying and allocating costs

Describe the different ways of classifying and allocating costs. Using your own experience, what are some ways expenses are being controlled?

  What is estimate of the companys price per share of stock

If the average P/E multiple for comparables is 15 and the company you want to value has expected earnings per share of $2, what is the estimate of this company's price per share of stock?

  Trading book includes an equity portfolio with market value

A bank's trading book includes an equity portfolio with a market value of $58,000,000. The volatility (standard deviation) of the daily returns is 2.43%. What is the 1-Day 5% Value at Risk for the portfolio?

  Estimate the historical standard deviation

Estimate the historical standard deviation of google and compare the implied standard deviation with the historical standard deviation.

  Compounded annually to purchase new equipment

Custom Jobs?, Inc. borrows $285135 from the bank at 11.76 percent per year, compounded annually, to purchase new equipment?.

  Prepare a report for the managing director

Prepare a report for the managing director both outlining the theoretical arguments and explaining the real-world influences on the gearing levels of firms.

  Find its current p and e ratio

Ider Corp expects to have $3.73 as earnings per share next year. The cost of equity for Ider is 16%, whereas its dividend yield is 4%. The price per share of Ider is $40. Find its current P/E ratio.

  What price of car can you afford

If interest rates are 10.50 percent APR, what price of car can you afford?

  Calculate lj pathmarks diluted earnings per share

L.J. Pathmark reported net profit of EUR 250,000 for 2005.- Calculate L.J. Pathmark's basic earnings per share.- Calculate L.J. Pathmark's diluted earnings per share.

  Total market value was unchanged by the split

Becker Financial recently completed a 7-for-2 stock split. Prior to the split, its stock sold for $90 per share. If the total market value was unchanged by the split, what was the price of the stock following the split?

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