User Account

All Pages

What should the firm accounts receivable be

Assignment Help Financial Accounting
Reference no: EM132964218

Problem 1: If a firm has sales of $23,908,000 a year, and the average collection period for the industry is 55 days, what should this firm's accounts receivable be if the firm is comparable to the industry? Assume there are 365 days in a year. Do not round intermediate calculations. Round your answer to the nearest dollar.

Reference no: EM132964218

Questions Cloud

What will be value of investment at the end of eight years : Ramon and Mia want to invest $5,950, Assuming the annual investment rate of return is 3.0%, what will be the value of the investment at the end of 8 years?
Find what rate of return must uncle fred earn on investment : What rate of return must she earn on her investment over the next 20 years to permit her to withdraw $75,000 at the end of each year through age 80
What is cash flow from operation for lasher kitchen : Assume Lasher's Kitchen has pretax earnings of $125,000 after depreciation expense of $25,000. If firm tax rate is 20 percent, what is cash flow from operation?
Human resources planning-recruitment : a. Identify and report on any THREE (3) changing roles of human resource managers in the post-Covid-19 workplace.
What should the firm accounts receivable be : If a firm has sales of $23,908,000, What should firm's accounts receivable be if the firm is comparable to the industry? Assume there are 365 days in a year.
Case of kevin sporer v ual corporation : Research and analyze the case of Kevin Sporer v. UAL Corporation, 2009 U.S. Dist. LEXIS76852 (U.S. District Court-Northern District, CA). Use the following head
Impacting the design of jobs and the recruitment : Write a executive summary on the issues impacting the design of jobs and the recruitment and selection process within the government sector
What is the receivables turnover for abcd corporation : What is the receivables turnover? ABCD Corporation has credit sales of $10,660,000 and receivables of $1,700,000. Assume there are 365 days in a year.
Concepts demonstrates understanding : Jessie and Ashton managed to weather the storm around their expansion plans and are now in several different locations. It is 5 years later, and they hired an H

Reviews

Write a Review

Financial Accounting Questions & Answers

  How many shares are currently before the offering

How many shares are there currently, before the offering? (Assume that the increment to the market value of the equity equals the gross proceeds)

  Compute the contribution by segment for training division

The following information is available for Pet Store Company and its two divisions, Pet Supplies and Training. Whole Pet Supplies Training Company Division Net sales $170,000 $70,000 $100,000 Fixed costs: Compute the contribution margin for the Pet S..

  How much will abc pay in interest to barclays over six-month

How much will ABC pay in Interest to Barclays over the six-month period for the Eurodollar Loan? ABC International can borrow $4,000,000 at LIBOR

  What gold bank the lender has carrying amount of

In addition, gold bank charges light blue a 5-point non refundable loan origination fee. Gold bank, the lender, has carrying amount of

  Should be concerned about the short term liquidity

Should be concerned about the short term liquidity of these two companies explain?Suppose you have 1.5 million rupees to invest in the stock market.

  Compute arrows direct material variances

Compute Arrow's direct material variances and compute Arrow's direct labor variances.

  How much cash is available for distribution to the partners

Everett, Miguel, and Ramona are partners, sharing income 1:2:3. After selling all of the assets for cash, dividing losses on realization, and paying liabilities, the balances in the capital accounts are as follows: Everett, $50,000 Cr.; Miguel, $40,0..

  Should the home lease or buy for walton nursing home

Which include maintenance, call for a $71,000 lease payment at the beginning of each year. WHN's tax rate is 40 percent. Should the home lease or buy?

  Predict overhead costs in future months

X Company's accountant analyzed the following overhead costs in March to develop a cost function that could be used to predict overhead costs in future months.

  Ajax company appropriately accounts for certain sales

Ajax Company appropriately accounts for certain sales using the installment sales method. The perpetual inventory system is used. Information related to installment sales for 2016 and 2017 is as follows: 2016 2017 Sales $ 400,000 $ 500,000 Cost of sa..

  Create a schedule to show the equity income tinker should

Tinker Co. owns 25% of the common stock of Harbor Co., Create a schedule to show the equity income Tinker should recognize for 2013 related to this investment.

  Calculate the net cash provided by operating activities

Using the information provided above, calculate the net cash provided (used) by operating activities. Using the information provided above, calculate the net cash provided (used) by investing  activities.

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