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Diamond Window Corporation's sales, half of which are for cash, over the past three months were:
March April May
$140,000 $240,000 $160,000
a. Estimate Diamond's cash receipts in May if the company's collection period is 60 days.
b. Estimate Diamond's cash receipts in May if the company's collection period is 45 days.
c. What would be the May balance of Accounts Receivable for Diamond Window if the company's collection period is 60 days? 45 days?
Vintage champagne has the following demand function Qd = 100 -2P and a supply curve given by the following Qs=20. What is the value of own price elasticity in absolute terms of demand at the equilibrium?
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Discuss some of the ethical and potential legal issues for the company and how the security measures that you have outlined will help to minimize those issues.
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