What is the average investment in accounts receivable

Assignment Help Finance Basics
Reference no: EM132616738

The Malibu Corporation has annual credit sales of $35 million. The average collection period is 37 days. What is the average investment in accounts receivable as shown on the balance sheet? (Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, rounded to 2 decimal places, e.g., 1,234,567.89.)

Reference no: EM132616738

Questions Cloud

What is the percentage increase in the net worth : Suppose that you sell short 1000 shares of Intel, currently selling for $20 per share, using $15000 of your own money, borrowing the remainder of the purchase p
What is the value of its pe ratio : Suppose that a public corporation has a total market value (according to its stock price and number of shares outstanding) of $750 million. If its current
Calculate the value of the treasury note : Using this information and ignoring the other costs involved, calculate the value of the Treasury note:
Why the investment strategy signed by goldman sachs : Please describe and analyze the reasons why the investment strategy signed by Goldman Sachs and Libya in 2008 caused the heavy
What is the average investment in accounts receivable : The Malibu Corporation has annual credit sales of $35 million. The average collection period is 37 days. What is the average investment in accounts receivable
How many days credit are you receiving : You place an order for 1,400 units of Good X at a unit price of $51. The supplier offers terms of 3/20, net 45.
How relevant is economics in our everyday lives : What determines whether a resource is scarce? Why is the concept of scarcity important to the definition of economics? How relevant is economics in our everyday
How quickly must you pay to get the discount : You place an order for 1,400 units of Good X at a unit price of $51. The supplier offers terms of 3/20, net 45. How quickly must you pay to get the discount?
What is available balance : What is your available balance? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.)

Reviews

Write a Review

Finance Basics Questions & Answers

  Discusses the elaboration likelihood model of persuasion

Your textbook discusses the elaboration likelihood model of persuasion, which highlights two broad approaches in persuading people: a central route, based on logical argument; and, a peripheral route, which addresses elements not related to the me..

  Calculate the payment required in 15 months

Calculate the payment required in 15 months for the rescheduled option to settle the loan if money earns 3.45% compounded quarterly during the above periods.

  Determination of the yield obtained by clara

Clara Romero bought a share of Tesla, Inc. for $ 299.66 at the beginning of 2018. At the end of the year, Clara will sell the share

  What annual interest rate is required to accumulate

Suppose the payments are only $16,000 each, but they are made every six ,months, starting six months from now.What will the future value be if the 10 payments were invested at 10 percent annual interest? If invested at Banksouthat 10 compounded se..

  Do you approve a program with a favorable rate of return

do you approve a program with a favorable rate of return and net present value that exceeds the governmental entitys

  The villanova corporation has two different bonds currently

the villanova corporation has two different bonds currently outstanding. bond m has a face value of 20000 and matures

  Calculating annuity present values

Calculating annuity present values. Beginning three months from now, you want to be able to withdraw $2,500 each quarter from your bank account

  Discuss the arbitrage pricing theory

Discuss the Arbitrage Pricing Theory and the Fama-French factor and the "preciseness" of techniques used to calculate cost of capital. How does one decide on which technique is best to use?

  What is the apr on this loan

Consider a $60 million dollar loan that is amortized over four years with end of year payments of $19.4 million each.

  How to solve it

: For this report go back to the same location as your first field report. It has been some t ime since your first field report. Observe how the bird activity has changed. Do you see the same species? More males than females, females than males? Has ..

  What aspects of the requirements were used

Around the world, companies are being required to meet higher levels of disclosure of environmental liability. In the United States, for example.

  How does boeing achieve a cash cycle of negative 100 days

Q1. Why is Amazon's cash cycle so much shorter than that of competitor Barnes & Noble? How does this comparison affect financial management decisions of other retailers? Q2. How does Boeing achieve a cash cycle of negative 100 days?

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