What is the year-end 2012 balance in accounts receivable

Assignment Help Finance Basics
Reference no: EM13268899

Mr. Husker's Tuxedos Corp. ended the year 2012 with an average collection period of 39 days. The firm's credit sales for 2012 were $55.4 million.

What is the year-end 2012 balance in accounts receivable for Mr. Husker's Tuxedos?

 

Reference no: EM13268899

Questions Cloud

Clinical information system-regulatory reporting requirement : Because of the increasing importance of clinical information systems, the regulatory reporting requirements, and the use of information in strategic planning and decision support, many healthcare organizations have assigned the responsibility for inf..
Find pressure difference between right and left side of ball : The air around a spinning 142g baseball (below) of radius 3.55cm experiences a faster speed on the left than the right side, determine the pressure difference between the right and left sides of the ball
What interest rate is the bank required by law : Magnus Credit Corp. wants to earn an effective annual return on its consumer loans of 17.5 percent per year. The bank uses daily compounding on its loans.
Determine the electric field strength on the z axis : A radially dependent surface charge is distributed on an infinite flat sheet in the x-y plane and is characterized in cylindrical coordinates by surface density ps = p0/p, where p0 is a constant. Determine the electric field strength, E, everywher..
What is the year-end 2012 balance in accounts receivable : What is the year-end 2012 balance in accounts receivable for Mr. Husker's Tuxedos?
Research relational database and database design : Use the Internet to explore and research Relational Database and Database Design. Post a thread to list 3 design techniques that you think are most important and why.
Calculate the starting torque and current : an induction motor when connected in delta and started direct on line produces a starting torque of 60Nm and consumes 80A. if the same motor is started using the soft start equipment with the voltage set at 0.8 of the line
Compute how high would it be lifted : If the energy that goes into evaporating one kilogram of water from Lake Michigan at 22.0 oC, how high (in m) would it be lifted
Which of the following should be included in initial outlay : Which of the following should be included in the initial outlay?

Reviews

Write a Review

Finance Basics Questions & Answers

  General inflation level affect the fed''s monetary policy

Explain how could news of a substantial increase in the general inflation level affect the Fed's monetary policy and thereby affect home prices?

  Calculate the holding period return

The prices for the Guns and Hoses Company for the first quarter of 2005 are given below. Calculate the holding period return for February.

  Calculate covariance between the returns of stock a and b

Given the returns and probabilities for the three possible states listed here, calculate the covariance between the returns of Stock A and Stock B. For convenience, assume that the expected returns of Stock A and Stock B are 0.13 and 0.18, respect..

  Financial management and time value of money

How are compounding and discounting related? Explain time value of money.

  What is the receivables turnover

Essence of Skunk Fragrances, Ltd., sells 8,700 units of its perfume collection each year at a price per unit of $730. All sales are on credit with terms of 2/15, net 60. The discount is taken by 80 percent of the customers.

  Current yield of cost of preferred stock

The Meredith Company issued $100 par value preferred stock ten years ago. The stock provided an 8% yield at the time of issue. The preferred stock is now selling for $75.

  Explain the ten basic principles of finance

Discuss and explain the 10 basic principles of finance. how does these principles relate to the goal of wealth maximization.

  Determining future value of lump sum

How do each of the following increase the future value of lump sum investment made today supposing that all interest is reinvested and interest rate is as well positive:

  Calculating cost of equity

A Corporation just issued a dividend of $2.30 per share on its common stock. The company is expected to maintain a constant 6% growth rate in its dividends indefinitely.

  The funds ability to profit

Apex Inc., is a biotechnology company that is about to announce the results of its clinical trials of a potential new cancer drug. If the trials were successful, apnex stock will be worth $70 each share.

  Find the amount invested

You have $22,000 to invest in a stock portfolio. Your choices are Stock X with an expected return of 11.00% and Stock Y with an expected return of 13%.

  Determine current value of the company stock

A corporation is not expected to generate a FCF over the next four years. Five years from now, the company anticipates that it will generate a FCF of $1.

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