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

Assignment Help
Expertsmind Rated 4.9 / 5 based on 47215 reviews.
Review Site
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
Online financial databases, like Lexis/Nexis and the Dow Jones News Retrieval Service, give data on thousands of companies. Assume you want to compare some companies' recent
Which of the following best describes vertical analysis? Two capital budget projects are being considered at Alpha Co.  Both projects are acceptable choices, but they have di
Compute the overhead cost rate that should be used for each of the appraisers to ensure that the total expected operating costs for the year will be recovered from clients.
The DiCiolla Co has sales of $12 million, CGS of $9 MM, and has $2.5 MM of inventory. Receivables are $750,000, payables are $666,667 and the company pays its payables in 30
Prepare all the journal entries that Dumpster Limited would prepare for the years ending 30 June 2013, 30 June 2014 and 30 June 2015 to account for the acquisition, subsequent
Calculate the rates for each activity - Using the rates computed, calculate the cost of each product and Evaluate the cost and profitability of the cheque account product
Basis of total product produced and then further to produced units on a per unit basis. If the product is outsourced, this overhead will be reassigned to other operating div
For each of the five independent situations below, prepare a single journal entry that summarizes the recording and payment of income taxes in order to determine the amount of