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Snider Industries sells on terms of 3/10, net 30. Total sales for the year are $1,619,000. Thirty percent of the customers pay on the 10th day and take discounts; the other 70% pay, on average, 70 days after their purchases. Assume 365 days in year for your calculations.
What is the days sales outstanding? Round your answer to one decimal place.
days
What is the average amount of receivables? Round your answer to the nearest dollar.
$
What would happen to average receivables if Snider toughened up on its collection policy with the result that all non discount customers paid on the 30th day? Round your answer to the nearest dollar.
You are financing a 300K home with 20% down payment. The 30-year interest rate (APR) is 4.5%, and the 15-year interest rate (APR) is 3.5%. What is the difference in the monthly payment if choose 30- year and 15-year mortgage plan?
Ambrin Corp. expects to receive $2,000 per year for 20 years. What is the present value of this 20 year cash flow? Use an 9% discount rate
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The December 31, 2013, balance sheet of Schism, Inc., showed $153,000 in the common stock account and $2,780,000 in the additional paid-in surplus account. The December 31, 2014, balance sheet showed $163,000 and $3,080,000 in the same two accounts, ..
What are the values of the output and the interest rate in 1999 when the money supply is 900? Sketch the AD curve and show what happens when the money supply is decreased below 900 in 1998.
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