Calculate next year ending receivables balance

Assignment Help Finance Basics
Reference no: EM13297957

A firm is planning to lower its ACP by ten days next year. Receivables are currently $15M on credit sales of $120M Credit sales are expected to grow by 20% next year. Calculate next year's ending receivables balance (make calculations using ending balances and a 360 day year).

Reference no: EM13297957

Questions Cloud

What is ka and fha and fa and approximate h : 1.00 L solution containing 0.030 mol HA (pKa=2.50) and 0.020 mol NaA. Approximations [HA]=0.030 and [A-]=0.020 What is: Ka, FHA, FA, and approximate H
Determine the total magnification of the telescope : A reflecting telescope has a main mirror with fM = 570 mm. If an eyepiece with a magnification of 45 is used, what is the total magnification of the telescope
Compute the resisitivity at a reservoir depth of 8000 feet : Given the total dissolved solids in a brine is 20,500 ppm, compute the resisitivity at a reservoir depth of 8,000 feet.
Explain acid-base reaction with an equilibrium lying : Acid HA has a pKa = 20; acid HB has pKa = 10 Will an acid-base reaction with an equilibrium lying to the right take place if Na+A- is added to HB
Calculate next year ending receivables balance : Receivables are currently $15M on credit sales of $120M Credit sales are expected to grow by 20% next year. Calculate next year's ending receivables balance (make calculations using ending balances and a 360 day year).
Differences between mechanistic and organic forms : Explain the differences between mechanistic and organic forms of organizational design and consider yourself the CEO of a medium sized company, what factors would influence you in deciding on an organizational design. Show all references.
Describe the three categories of consumer decision-making : Describe the three categories of consumer decision-making behavior. Name typical products for which each type of consumer behavior is used. 150 worlds
What is the corporate tax paid by a firm with taxable income : What is the corporate tax paid by a firm with taxable income of $300,000, given the following tax tables.$0 - $50,000 15%$50,000 - $75,000 25%$75,000 - $100,000 34%$100,000- $335,000 39%
Find the station and elevation of the low point of the curve : On a certain highway a -6% grade meets a +2% grade at station 70 + 00, elevation 550.97 ft. An equal tangent vertical curve, 800 ft. long, is to be installed to connect these two grades.

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!

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