What is the average receivables balance

Reference no: EM131787544

Question: Dome Metals has credit sales of $144,000 yearly with credit terms of net 30 days, which is also the average collection period. Dome does not offer a discount for early payment, so its customers take the full 30 days to pay. What is the average receivables balance? Receivables turnover?

Reference no: EM131787544

Questions Cloud

Find the probability that a gold coin will be drawn : If an urn is selected at random and a coin is drawn from the urn, construct a probability tree and find the probability that a gold coin will be drawn.

Find the probability that a person chosen at random : Use the information (and tree) from Example 3 to find the probability that a person chosen at random is healthy if the test is negative.

Discuss the importance of ethics and social responsibility : You are tasked with choosing a corporation and discussing the importance of ethics and social responsibility in relation to that particular corporation.

Which place has the most variation in rainfall : The average monthly rainfall over a period of years. Which place tends to be the wettest? Which place has the most variation in rainfall?

What is the average receivables balance : Dome Metals has credit sales of $144,000 yearly with credit terms of net 30 days, which is also the average collection period.

Which product should the excess production capacity : If Kimberton Company has excess machine capacity but a limited amount of labor time (300 hours), which product should the excess production capacity

Events excuses the promisor from performing on contract : The parol evidence rule. Which of the following events excuses the promisor from performing on a contract?

Selected from the bag and tossed twice : A bag contains 5 coins, 4 of which are fair and 1 that has a head on each side. If a coin is selected from the bag and tossed twice, what is the probability

Discuss professional ethics and loyalty of managers : Discuss professional ethics, responsibilities, and loyalty of managers; and professional ethics and responsibilities of intermediaries;

User Account

All Pages