What is the company accounts receivable balance

Assignment Help Finance Basics
Reference no: EM133116297

Cosplay Unlimited sells 740 outfits per year at an average price of $163. The terms of the sale are 1/10, net 30. The discount is taken by 67 percent of customers. What is the company's accounts receivable balance? Assume 365 days per year.

Reference no: EM133116297

Questions Cloud

Explain the circumstances under which the payback period : Explain the circumstances under which the payback period may be superior to NPV
Perspectives of organizational effectiveness : Does lean management ignore some perspectives of organizational effectiveness?
Find the 2-year zero rate : Consider another two-year maturity semi-annual bond with a coupon of 5% (annualized) and a price of $105. You are given that the .5 year zero rate is 2.0%, the
Affecting retirement plan selection : One of the factors affecting retirement plan selection is an objective to maximize the proportion of plan costs that benefit highly compensated employees. Discu
What is the company accounts receivable balance : The discount is taken by 67 percent of customers. What is the company's accounts receivable balance? Assume 365 days per year.
What does an npv of zero mean : What does an NPV of zero mean and if you were a decision-maker faced with a project with a zero NPV (or very close to zero) what would you do? Why?
Individual''s perspective influence their leadership style : Explain what characteristics are found in a leader. How does an individual's perspective influence their leadership style?
Explain the accuracy of the financial statements : You recently had a conversation with Jack, a friend, whom you had not seen for a number of months because of Covid-19. During your discussion Jack told you that
Determine the expected ex-dividend price : One-period pricing. Recall that since stocks have really long lives, in the video we first imagined owning a stock for only one period.

Reviews

Write a Review

Finance Basics Questions & Answers

  What are costs of debt and preferred stock

What are costs of debt, preferred stock, and equity components of capital? What is Cowboy's WACC

  Find the npv of each machine

Assuming that both projects can be repeated, which machine should be selected to replace the old equipment? Why?

  How much will lynn receive at the end of 8 years

Lynn Ally, owner of a local Subway shop, loaned $40,000 to Pete Hall to help him open a Subway franchise. Pete plans

  Accounts receivable are stated at net realizable value

Accounts receivable are stated at net realizable value and reflect the actual cash collections expected to be received by the Company.  When considered necessary, management maintains an allowance for bad debts to absorb potential collection losses. ..

  Understanding the five cs of credit

Understanding the Five Cs of Credit. What are the 5 Cs of credit? Explain

  Nominal and effective costs of trade credit

What are the nominal and effective costs of trade credit under the credit terms of 3/10, net 30? Assume 365 days in a year for your calculations.

  What is monthly mortgage payment

1. You take out a $250,000 30 year mortgage with monthly payments and a rate of 3.5% monthly compounded. What is your monthly mortgage payment?

  Stanley corp common stock has a required return of 175 and

stanley corp. common stock has a required return of 17.5 and a beta of 1.75. if the expected risk free return is 3 what

  Prepare the statement of financial position at 30 June 20X3

Prepare the statement of financial position at 30 June 20X3 and Discuss Hien's cash position. Is there any other information which might be useful to you

  What is the aytm of the stock

You are considering the purchase of a stock with the following characteristics: the current price is $36 and you expect three annual dividends of $2.70, $2.80 a

  What is clustering

What is clustering? Provide two examples of clustering in the service sector. Please include a reference,

  Describe theory on discounted cash flows method

Describe theory on discounted cash flows method in Capital Budgeting but assets cannot be valued soundly if we do not have well-functioning capital markets

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