Calculate next year ending receivables balance

Assignment Help Finance Basics
Reference no: EM13299522

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: EM13299522

Questions Cloud

What is the expected return on the portfolio : The following information is available in general and about investments in stocks J and K.
How many acres are within the enclosed by the fence : A contractor has installed a silt fence around an area that is semi-circular and level to prevent soil from the construction site entering nearby streams. The diameter of the semi-circle is 1000 feet.
Calculate how many moles of air are in the cylinder : A compressed air cylinder stands at 93.0 cm tall and has internal diameter 20.7cm. At room temperature, its pressure is 172 atm. how many moles of air are in the cylinder
Evaluate the solubility-product constant for nd2(co3)3 : It is found that 4.68e-06 g of Nd2(CO3)3 dissolves per 100 mL of aqueous solution at 25 oC. Calculate the solubility-product constant for Nd2(CO3)3.
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).
Determine bulk density and the degree of saturation : A cylindrical sample of soil 39 mm in diameter and 77 mm long weighed 180 g. The sample is not fully saturated and its moisture content was found to be 27.0%. Assume rS = 2.70 Mg/m3. Determine: a. the bulk density, r b. the dry density, rd c. the d..
What avenues are available to shareholders to bring goals : The agency problem can seriously restrain the economic success of a company. What avenues are available to shareholders to bring their goals and those of management into alignment?
What is the balloons new radius : Suppose you have a spherical balloon filled with air at room teperature and 1.0 atm pressure; its raidus is 12cm. what's the balloon's new radius
Define the enthalpy of combustion of benzoic acid : The enthalpy of combustion of benzoic acid (C6H5COOH) is commonly used as the standard for calibrating constant-volume bomb calorimeters; its value has been accurately determined to be 3226.7 kj?mol

Reviews

Write a Review

Finance Basics Questions & Answers

  Explain the concept and its relationship to maximizing share

The Time Value of Money is a concept that is central to the discipline of finance. Explain the concept and its relationship to maximizing shareholder wealth.

  Calculate the market value of the firm stockholder equity

Current liabilities book and market values stand at $12 and the firm's long-term debt is $40. Calculate the market value of the firm's stockholder's equity.

  Remake the by factoring out the greatest common factor

The value of an investment of 'P' dollars for 't' years at simple interest rate "r" is given by A= P + Prt. Remake this formula by factoring out the greatest common factor

  What is its intrinsic mva

A company has capital of $200 million. It has an EROIC of 9%, forecasted constant growth of 5%, and a WACC of 10%. What is its value of operations? What is its intrinsic MVA?

  What is the minimum annual production level

If the MARR is 20 % and the project has a life of five years, what is the minimum annual production level for which this project is economically viable?

  At what unit sales volume will its income equal

A company's fixed operating costs are $480,000, its variable costs are $3.85 per unit, and the product's sales price is $4.30. What is the company's breakeven point; that is, at what unit sales volume will its income equal its costs? Round your an..

  Determine the present value of the bonds

The Garcia company's bonds have a face value of $1,000, will mature in ten years, and carry a coupon rate of 16 percent. Assume interest payments are made semi-annually.

  Sensitivity analysis-contingency planning

How does sensitivity analysis relate to contingency planning? What are a couple risk mitigation strategies which you could execute to de-sensitize these variables?

  What is the required rate of returen

Harrison Clothiers' stock currently sells for $32 a share. It just paid a dividend of $1.25 a share (that is, D0 = 1.25). The dividend is expected to grow at a constant rate of 3% a year.

  Mortgage required income calculator

How large a mortgage can you afford according to the calculator? Increase your debt to see the impact on the amount of mortgage loan you will qualify for.

  Calculate the monthly payment for the loan

Suppose you decide to purchase a home and you secure a 30-year, $285,000 loan at an annual interest rate of 6.5%.

  Prepare the income statement and balance sheet

Make prospective financial statements using the data given below. The National Nursing Home Corporation, has current assets of 147 million dollar and its property plant & machine of 206 million dollar; and other assets totaling $58 million.

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