Lock box-cash conversion cycle-interest rate
Course:- Managerial Accounting
Reference No.:- EM1349736

Assignment Help
Assignment Help >> Managerial Accounting

1. What are the expected annual savings form a lock-box system that collects 300 checks per day averaging $800 each, and reduces mailing and processing times by 3.0 and 1.5 days respectively, if the annual interest rate is 7 %?

2. What is the receivables period for a firm with annual sales of $100 million, $8.4 million in average accounts receivable, and a cash conversion cycle of 60 days?

3. How much would you expect to receive for a nominal interest rate in Spain if funds can be invested in the U. S. at a rate of 7 % when inflation is expected to be 2.5 % in the U. S. and 7 % in Spain?

Put your comment

Ask Question & Get Answers from Experts
Browse some more (Managerial Accounting) Materials
Compute the break-even point in total sales dollars and in units for 2014 and paul was a marketing major in college. He believes that sales volume can be increased only by in
The capital budgeting process is important, but is it the most important process that a firm undertakes. Why or why not? If you believe there is a more important process, what
Calculate the annual cost of manufacturing containers for comparison with the quote using relevant figures for establishing the cost or benefit of accepting the quote. Indic
Evaluate the total cost of the work in process inventory on January 31. Determine the cost of jobs completed during January, and show the proper journal entry to reflect job c
Calculate the increase or decrease in profits for the three divisions and the company as a whole (four separate computations) if the agreement is enforced. Explain your though
Identify strategic issues which management should consider when making their decision - Calculate the impact on sales and profit if the option of upgrading the manufacturing f
An effective oral presentation does not just happen - it requires a lot of research, planning, and work long before the speaker presents his/her information to an audience.  T
Stanley Works is one of the companies you looked at in the job-order costing vs. process costing. Which type of costing do you think that company uses, process costing or jo