What is the amount of the company accounts receivable

Assignment Help Financial Management

Reference no: EM131084192

Essence of Skunk Fragrances, Ltd., sells 6,500 units of its perfume collection each year at a price per unit of $395. All sales are on credit with terms of 1/30, net 30. The discount is taken by 50 percent of the customers. (Enter your answer as directed, but do not round intermediate calculations.)

Requirement 1: What is the amount of the company’s accounts receivable? (Round your answer to 2 decimal places (e.g., 32.16).)

Average receivables $

Reference no: EM131084192

Questions Cloud

Discuss the basic method used to form portfolios : In the predictability lecture, we discussed evidence concerning violations of the weak form of the EMH that are based upon lagged return trading strategies. Briefly discuss the three types of strategies (that is, long, intermediate, and short return ..

What is the semi-annual yield to maturity on this bond : .A corporate bond has an annual coupon interest rate of 9.45%. ?The bond has a par value of $1,000, a current price of $1,280 and matures in 6 years. ?What is the semi-annual yield to maturity on this bond?

Determine the present value of expected future cash inflows : Hermes, Inc. is being considered for acquisition by Jupiter, Inc. Jupiter expects the combination to increase its cash flows by $100,000 for each of the next 5 years and by $125,000 for each of the following 5 years. Determine the present value of th..

What is the value of the STARZ stock : STARZ INC pays a constant dividend of $16 for next 11 years then will stop paying dividends forever. If investors require a return of 14.5% on this stock, what is the value of the STARZ stock?

What is the amount of the company accounts receivable : Essence of Skunk Fragrances, Ltd., sells 6,500 units of its perfume collection each year at a price per unit of $395. All sales are on credit with terms of 1/30, net 30. The discount is taken by 50 percent of the customers. What is the amount of the ..

What is the average accounts receivable figure : Skye Flyer, Inc., has weekly credit sales of $18,800, and the average collection period is 51 days. What is the average accounts receivable figure?

What interest rate would this be a fair deal : The Maybe Pay Life Insurance Co. is trying to sell you an investment policy that will pay you and your heirs $22,000 per year forever. Suppose a sales associate told you the policy costs $467,000. At what interest rate would this be a fair deal?

Companies repurchase shares instead of paying dividends : Since it can be shown that share repurchases have exactly the same wealth effect for shareholders in the absence of taxes and are more beneficial when we account for taxes, why don’t all companies simply repurchase shares instead of paying dividends?

Optimal capital structures : In your own words, briefly explain why one would expect to find optimal capital structures for firms. Briefly explain the factors that the optimal capital structures would depend on.

User Account

All Pages