An average collection period

Assignment Help Finance Basics
Reference no: EM13658702

Mr. Husker's Tuxedos Corp. ended the year 2015 with an average collection period of 34 days. The firm's credit sales for 2015 were $56.3 million.
What is the year-end 2015 balance in accounts receivable for Mr. Husker's Tuxedos? (Enter your answer in dollars, not millions. Round your answer to the nearest whole dollar. Use 365 days a year.)

Reference no: EM13658702

Questions Cloud

Resistive force on the object through this descent : A 10-kg object is dropped from rest. After falling a distance of 50 m, it has a speed of 26 m/s. How much work is done by the dissipative (air) resistive force on the object through this descent?
How much magnetic energy is stored in the solenoid : MRI (magnetic resonance imaging) is a medical method that produces detailed "pictures" of the interior of the body. The patient is placed into a solenoid that is 40cm in diameter and 1.0 m long.A100 A current creates a 5.0T magnetic field in the sole..
Earning an 8 percent interest rate annually : What is the future value of $925 deposited for one year earning an 8 percent interest rate annually? Future value $
What is the orbital period of the satellite : A satellite of mass 200 kg is launched from a site on earth’s equator into an 200 km above the surface of earth (a) assuming circular orbit what is the orbital period of the satellite (b) what is the satellite speed in its orbit
An average collection period : Mr. Husker's Tuxedos Corp. ended the year 2015 with an average collection period of 34 days. The firm's credit sales for 2015 were $56.3 million.
What is the galaxys speed relative to the earth : When viewed by an observer on the Earth, light from a distant galaxy is Doppler shifted to the red such that the ratio of then shifted frequency to the observed frequency is 2.6. What is the galaxy's speed relative to the Earth?
How the initiative affects the organization financial plan : My bullet is How the initiative affects the organization's financial planning
Discover the maximum emf and current induced in the coil : An AC generator consists of 8 turns of wire in a loop or coil, the cross-sectional area of the loop is A=0.09 m2, with a total resistance of 12Ω. The loop is rotating in a magnetic field B=0.5T at a constant rate of 60Hz.
Calculate the value of the cash flows today : Calculate the value of the cash flows today?

Reviews

Write a Review

Finance Basics Questions & Answers

  Computing price of at-the-money european put on futures

An at-the-money European call on the futures sells for= $5.50. Determine the price of at-the-money European put on the futures? Suppose both the call and put have the same maturity.

  By how much do firm market and book values per share differ

Bauer Software's current balance sheet shows total common equity of $5,125,000. The company has 530,000 shares of stock outstanding, and they sell at a price of $27.50 per share. By how much do the firm's market and book values per share differ?

  A firm with a wacc of 10 is considering the following

capital budgeting criteria mutually exclusive projectsa firm with a wacc of 10 is considering the following mutually

  What is the portfolio weight of stock c

You own a portfolio that is invested as follows: $11,257 of Stock A, $8,565 of Stock B, $14,898 of Stock C, and $4,044 of Stock D. What is the portfolio weight of Stock C?

  List the key disclosure recommendations in the jenkins

What is meant by differential disclosure?  Identify the three differential disclosure proposals discussed in the text.

  Income statement balance sheet

Income Statement Balance Sheet

  What will be the approximate population of the united states

What will be the approximate population of the United States, if its current population of 275 million grows at a compound rate of 2 percent annually for 25 years?

  What is the pre-tax return on taxable bonds

An investment is available that pays a tax-free 5%. The corporate tax rate is 25%. Ignoring risk, what is the pre-tax return on taxable bonds?

  Determining geometric average returns on stock

You have observed given returns on ABC's stocks over last 5 years: 3.8%, 9.9%, 10.1%, 11.9%, 3.2% determine geometric average returns on stock over this 5-year period.

  Morin companys bonds mature in 8 years have a par value of

morin companys bonds mature in 8 years have a par value of 1000 and make an annual coupon interest payment of 65. the

  Calculate the firms total operating cycle for 2005 and 2006

below are the balance sheet and income statement for 2005 and 2006 of a company that is in financial distress.balance

  What is the default risk premium on corporate bonds

Also, corporate bonds have a 0.25% liquidity premium versus a zero liquidity premium for T-bonds, and the maturity risk premium on both Treasury and corporate 10-year bonds is 1.15%. What is the default risk premium on corporate bonds?

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