Abc co has an average collection period of 60 days total

Assignment Help Finance Basics
Reference no: EM13388267

ABC Co. has an average collection period of 60 days. Total credit sales for the year were $3,000,000. What was the balance in accounts receivable at year-end (a year is 360 days)?

Reference no: EM13388267

Questions Cloud

What are examples of regulatory issues that affect the : what are examples of regulatory issues that affect the controlling aspect of a strategic plan? what are examples of
What are the main advantages of this sort of interactive : 1q. nbspdo you think using an alternative digital media approach to reaching the target audience would be a long-term
Nyeil inc is a consumer products firm that is growing at a : 1. nyeil inc. is a consumer products firm that is growing at a constant rate of 7.0 percent. the firmrsquos last
Nbsphow can a company overcome the limitations of being in : a. describe what a fragmented industry is and provide examples.b. how can a company overcome the limitations of being
Abc co has an average collection period of 60 days total : abc co. has an average collection period of 60 days. total credit sales for the year were 3000000. what was the balance
How discrimination has affected economic efficiency and : how has discrimination affected economic efficiency and wages? you are asked to tell us what effect discrimination you
Density farms inc had sales of 500000 cost of goods sold : density farms inc. had sales of 500000 cost of goods sold of 180000 selling and administrative expense of 70000 and
How can bp prove to its stakeholders that it is serious : 1q. based on the history of the company why did bp get involved in so much questionable conduct?2q. analyze bp efforts
Identify the job aspects educational requirements and : identify the job aspects educational requirements and preeminent accounting fields in which to work.determine at least

Reviews

Write a Review

Finance Basics Questions & Answers

  What is the price of the bond

What is the price of the bond if it matures in 15, 20, 25, or 30 years?

  Fisher effect-us and euro inflation and currency rates

Assume that the U.S and the Euro nominal interest rate are equal. Subsequently, the U.S. nominal rate decreases while the Euro nominal interest rate remains stable.

  What is the break-even point in units for the company

Allison Radios manufactures a complete line of radio and communication equipment for law enforcement agencies. The average selling price of its finished product is $180 per unit. The variable cost for these same units is $126. Allison Radios incur..

  Pay some university expenses

Portfolio's beta is 1.5. Thomas is allowing for selling particular stock to aid pay some university expenses.

  Npv based question

Suppose you have an opportunity to invest in a business that will pay $200,000 in one year, $400,000 in two years, $600,000 in three years and $800,000 in four years.

  What is the increnental cash flow related to working capital

What is the increnental cash flow related to working capital when the store is opened? (Enter negative using a negative sign).

  List advantages and disadvantages of buying or leasing car

How much will you have paid to lease the car for the five-year term? Because the car reverts to the dealer after 5 years, the net ownership cost is the total of all the lease payments for the 5 years.

  Calculate the present value of growth opportunities

Calculate the Present Value of Growth Opportunities based on the following information: Earnings Per Share = $8.00, Required Rate of Return = 14%, Dividends Per Share = $1.50, Return on Equity = 16%.

  What is main cost of equity

The main firm is a zero growth firm with an expected EBIT of $100,000 and a corporate tax rate of 30%. Main uses $500000 of 12.0% debt, and the cost of equity to an unlevered firm in the same risk class is 16.0%. What is Main's cost of equity?

  Determine stocks return for the missing year

You find a certain stock that had returns of 16 percent, -9%, 23%, and 24% for four of the last five years. The average return of the stock over this period was 14.40 percent.

  What portion represents the current yield

What return would he earn? What portion of this return represents capital gains, and what portion represents the current yield?

  What is the expect annual inflation rate

A one-year U.S. Treasury security has a nominal interest rate of 2.25 percent. If the expected real rate of interest is 1.5 percent what is the expect annual inflation rate?

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