What is the receivables turnover

Assignment Help Finance Basics

Reference no: EM13256552

Dome Metals has credit sales of $468,000 yearly with credit terms of net 60 days, which is also the average collection period. Dome does not offer a discount for early payment, so its customers take the full 60 days to pay.

(a) What is the average receivables balance? (Use 360 days in a year. Omit the "tiny_mce_markerquot; sign in your response.)

(b) What is the receivables turnover? (Use 360 days in a year. Enter only numeric value.)

Reference no: EM13256552

Questions Cloud

Prepare bank reconciliation statement : Prepare Bank Reconciliation Statement as on 30th September

What would the fatal voltage : A human can be electrocuted if a current of 0.053 A passes near the heart. If a human is considered to be a resistor in a circuit with a resistance of 2039 ?,

Explain what is the resulting ph : If 3.7 g of butanoic acid, C4H8O2, is dissolved in enough water to make 1.0 L of solution, what is the resulting pH

Find what is its cut-off frequency of a low pass filter : For a first order low pass filter, with a cut-off of 2 kHz, how many decades and octaves would the frequency be if the attenuation was -58 dB. What would the frequency be at that attenuation.

What is the receivables turnover : Dome Metals has credit sales of $468,000 yearly with credit terms of net 60 days, which is also the average collection period. Dome does not offer a discount for early payment, so its customers take the full 60 days to pay.

Find the rotational inertia of wheel : A wheel consists of 20 thin spokes, each with mass 0.070kg , attached to a rim of mass 4.4kg and radius 0.85m. Find its rotational inertia

What pressure of co would need to use to prepare a solution : If you wanted to prepare a solution of CO in water at 25 in which the CO concentration was 2.1 mM , what pressure of CO would you need to use

Calculate two variances for material-labor : The following information concerns the Dormnat Company, which manafactures one product and uses astandard cost system.

Design an up or down counter that has an input switch x : The counter should be designed using D flip-flops and using the state equation method. (No credit will be given if the circuit is designed using the excitation table method.) Draw the final logic diagram.

User Account

All Pages