User Account

All Pages

Average accounts receivable balance

Assignment Help Finance Basics
Reference no: EM131073996

Eco-Friendly Products has annual credit sales of $900,000 and an average collection period of 30 days. Assume a 360-day year. What is the company`s average accounts receivable balance? Accounts receivable are equal to the average daily credit sales times the average collection period.

Reference no: EM131073996

Questions Cloud

To maximize their total output of beef and corn : Joanna and David are farmers who produce beef and corn. In a year, Joanna can produce 10 tons of beef or 60 bushels of corn, while David can produce 10 tons of beef or 50 bushels of corn. To maximize their total output of beef and corn,
Mention an appropriate theorem in your explanation : Mention an appropriate theorem in your explanation.
Compute the value of the average collection period : Sanders Prime Time Company has annual credit sales of $1,800,000 and accounts receivables of $210,000. Compute the value of the average collection period.
Compensates orange farmers for all fixed costs : Suppose that Florida adopts a new state policy in which the government compensates orange farmers for all fixed costs, but the policy does not affect their variable costs of producing oranges. The graphs below show the costs faced by individual orang..
Average accounts receivable balance : Eco-Friendly Products has annual credit sales of $900,000 and an average collection period of 30 days. Assume a 360-day year. What is the company`s average accounts receivable balance?
How are the certifications obtained : What certifications are available in your professional area of interest? Who are the sponsoring agencies of these professional certifications? How are the certifications obtained
Explain why a cannot be invertible : Explain why A cannot be invertible.
What is the thematic apperception test : What is the Thematic Apperception Test. What is the difrences of both Test can give two examples - What is hypothesis of projective personality Test
What are potential limitations of their study : What did the authors find? What are potential limitations of their study? What are the implications of the findings?

Reviews

Write a Review

Finance Basics Questions & Answers

  Pick your favorite restaurant

Pick your favorite restaurant. Analyze its current brand strategy and make one recommendation for changing or strengthening the existing brand strategy.

  What is the yield to maturity on a 10-year 9 percent annual

what is the yield to maturity on a 10-year 9 percent annual coupon 1000 par value bond that sells for 887.00? that

  Role of a business owner

For this discussion, assume the role of a business owner who has to make a decision to raise additional capital. What considerations would you evaluate relative to issuing bonds as compared with conventional financing methods?

  A gold producer entered into a december futures contract on

on april 1st the price of the gold is 1000 and the december futures price is 1015. on november 1st the price of the

  Chris spear invested 15000 today in a fund that earns 8

chris spear invested 15000 today in a fund that earns 8 compounded annually. to what amount will the investment grow in

  Valuation principle problemsnbspnbspquestion 1 suppose that

valuation principle problemsnbspnbspquestion 1 suppose that bondi inc. is a holding company that owns both pizza hut

  What was the firm''s 2012 operating cash flow, or ocf

The 2011 balance sheet of Anna's Tennis Shop, Inc., showed long-term debt of $5.5 million, and the 2012 balance sheet showed long-term debt of $5.75 million. The 2012 income statement showed an interest expense of $180,000. The 2011 balance sheet of ..

  How would the firm risk be affected by the different policy

In this problem, we assume that expected sales are independent of the current assets investment policy. Is this a valid assumption? Why or why not?

  Calculate levered beta

Swannee Resorts is considering a new project whose data are shown below. The equipment that would be used has a 3-year tax life, would be depreciated by the straight line method over the project's 3 year life, with zero salvage value.

  Compute additional funds needed

The corporation's fixed assets were used to only 50% of capacity during 2005, but its current assets were at their proper levels. All assets except fixed assets rise at the same rate as sales,

  Why is the commercial paper market available only to the

why is the commercial paper market available only to the most creditworthy

  An adjustment factor of 10 to the cost of capital for such

photosynthesis inc. is considering a project that will result in initial after-tax cash savings of 2 million at the

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd