What is the firm average collection period

Assignment Help Finance Basics

Reference no: EM13287119

The Boat House offers credit terms of 2/15, net 45 to all of its customers. Historically, 86 percent of its customers take advantage of the discount. What is the firm's average collection period?

A. 17.36 days
B. 18.87 days
C. 19.20 days
D. 20.33 days
E. 21.08 days

Reference no: EM13287119

Questions Cloud

Electronic marketing : 1. Facebook was designed as a C2C web site. It has had to adapt to being a B2C as well as a C2C web site. Do you feel it is now effective for businesses to use Facebook to promote their business? Whats your experience been with businesses usin..

What is the effective annual rate : Electronics and More offers credit terms of 1/5, net 20. What is the effective annual rate on a $12,000 purchase if you forgo the discount?

Explain the silicon-chlorine single bonds in are polar : Both of the silicon-chlorine single bonds in are polar. In which direction should the polarity arrows point? away from central Si, towards Si, right or left

Complete break-even exercise-provide appropriate document : The breakeven point is the number of units that must be sold to make zero profits. To compute this, you must know the selling price, the fixed cost, and the variable cost per unit. Complete the break-even exercise below to apply the principles learne..

What is the firm average collection period : The Boat House offers credit terms of 2/15, net 45 to all of its customers. Historically, 86 percent of its customers take advantage of the discount. What is the firm's average collection period?

Determine the magnitude of the charge on each ball : Two equally charged insulating balls each weigh 0.10 g and hang from a common point by identical threads 30 cm long. What is the magnitude of the charge on each ball

Explain ethanol solutions can be used to kill microorganisms : Concentrated ethanol solutions can be used to kill microorganisms. At low concentrations, however, such as in some wines, the microorganisms can survive and cause oxidation of the alcohol. What is the structure of the acid formed

Calculate the arithmetic average returns : Using the following returns, calculate the arithmetic average returns, the variances, and the standard deviations for X and Y.

Design an ideal integrator whose output will reach 5v : Using an ideal op amp, design an ideal integrator whose output will reach 5V in 200ms after a -0.1V dc input is connected.

User Account

All Pages