What is the average receivables balance-receivables turnover

Assignment Help Financial Management

Reference no: EM131610397

Dome Metals has credit sales of $522,000 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. a. What is the average receivables balance? (Use a 360-day year.) b. What is the receivables turnover? (Use a 360-day year.)

Reference no: EM131610397

Questions Cloud

Explain how three-pl services are used in your company : Explain how 3PL services are used in your company and how these could be or are used to improve the supply chain for your chosen company.

Consider the big data case study : Consider the Big Data case study in Laudon & Laudon, Page 483:

Calculate SVIs weighted average cost of capital : FINM202 Financial Management Assessment - Group Report. Calculate SVI's weighted average cost of capital (WACC) on both a pre-tax and after tax basis

Describe an innovation idea : Describe an innovation idea that is not possible today but will be available in the next 15-20 years.

What is the average receivables balance-receivables turnover : What is the average receivables balance? What is the receivables turnover?

Calculate operating cash flows : Assume that new project will annually generate revenues of $ 2400000. let's assume that firm's marginal tax rate is 33 percent. Calculate operating cash flows.

Coordinated sharing of remote files seems : Between NIS, NFS, and DFS, the need for coordinated sharing of remote files seems to be well established. However, the principles and mechanisms.

What would happen in the given market : What would happen in this market? Explain your answer and reconstruct the graph developed in question one to show this change.

Determine the security and compliance : Security and compliance are interconnected in important ways. What happens if you have a policy, but you cannot assure compliance?

User Account

All Pages