User Account

All Pages

What is the maximum days in receivables

Assignment Help Finance Basics
Reference no: EM131890629

For the year just ended, james' drafting supplies had average accounts receivable of $880,000 and total sales of $4800,000. Throught the year, a factor purchased accounts receivable from thr firm at a 2% discount. If the firm wishes to get its factoring costs below 11%, what is the maximum days in receivables it can have?

Reference no: EM131890629

Questions Cloud

What the price of the oil turns out to be : Assume you are going to drill in one year no matter what the price of the oil turns out to be. Ignore real options.
Describe the plot and flow of the show : Describe the plot and flow of the show (so I know you watched it) and then critique the show; did you like it? Did you enjoy the actors? etc.
Four criteria for successful market segmentation : Evaluate the kids' segment against the four criteria for successful market segmentation
What is the asymmetry john reed discovers at citibank : What is the "asymmetry" (weakness) John Reed "discovers" at Citibank? What makes it rare and inimitable?
What is the maximum days in receivables : If the firm wishes to get its factoring costs below 11%, what is the maximum days in receivables it can have?
Define role models in nurturing treatment of the children : The ideal learning environment for Amy should also include adults who can provide role models in the nurturing treatment of the children.
What is the quoted discount for the t-bill : What is the expected annual yield for this investor? What is the quoted discount for the T-bill
Reputations of the selected companies and their competitors : Compare and contrast the reputations of the selected companies and their competitors.
What is the price if the par value : Treasury bill has six months to maturity and investors require an 8% annualized return on the bill. What is the price if the par value is $100,000?

Reviews

Write a Review

Finance Basics Questions & Answers

  Financial reporting and analysis

Finance is about Gunns Ltd, a company in dealing with forestry products in Australia. The company has also been listed in Australian Stock Exchange. As many companies producing forestry products, even Gunns Ltd is facing various problems. Due to the ..

  A report on financial accounting

This report is specific for a core understanding for Financial Accounting and its relevant factors.

  Describe the types of financial ratios

Describe the types of financial ratios and other financial performance measures that are used during venture's successful life cycle.

  Differences between sole proprietorship and corporation

Briefly describe the major differences between a sole proprietorship and a corporation

  Prepare a cash budget statement

Calculate the expected value of the apartment in 20 years' time. What is the mortgage loan repayment at the beginning of each month

  What are the implied interest rates

What are the implied interest rates in Europe and the U.S.?

  State pricing theory and no-arbitrage pricing theory

State pricing theory and no-arbitrage pricing theory

  Small business administration

Identify the likely stage for each venture and describe the type of financing each venture is likely to be seeking and identify potential sources for that financing.

  Effect of financial leverage

The Effect of Financial Leverage and working capital management

  Evaluate the basis for the payment to the lender

Evaluate the basis for the payment to the lender and basis for the payment to the company-counterparty.

  Importance of opps, ipps, mpfs and dmepos

Research and discuss the differences and importance of : OPPS, IPPS, MPFS and DMEPOS.

  Time value of money

Time Value of Money project

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd