Average balance sheet amount in accounts receivable

Assignment Help Financial Management

Reference no: EM132038638

Miyagi Data, Inc., sells earnings forecasts for Japanese securities. Its credit terms are 3/10, net 50. Based on experience, 75 percent of all customers will take the discount.

a. What is the average collection period 20 days (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) Average collection period days

b. If the company sells 1,280 forecasts every month at a price of $2,380 each, what is its average balance sheet amount in accounts receivable?

Reference no: EM132038638

Questions Cloud

What is the bond nominal yield to call : A 10-year, $1,000 par value, 12% semiannual coupon bond has a price of $1,100 and it is callable in 4 years at a call premium of $60.

Determine best pricing strategy : Mark decides to look at his competitors' pricing and then determine his best pricing strategy based on all of the information.

Expected standard deviation of protfolio : What would be your expected standard deviation of your protfolio?

Is bariatric surgery an appropriate intervention : What health risks associated with obesity does Mr. C. have? Is bariatric surgery an appropriate intervention? Why or why not?

Average balance sheet amount in accounts receivable : If the company sells 1,280 forecasts every month at a price of $2,380 each, what is its average balance sheet amount in accounts receivable?

Long-term investment? decision-irr method : Billy and Mandy Jones have ?$24,000 to invest. On? average, they do not make any investment that will not return at least 7.7?% per year.

Identify a research or evidence-based article : Identify a research or evidence-based article that focuses comprehensively on a specific intervention or new diagnostic tool for the treatment of diabetes.

How much interest are you paying implicitly : How long do you have to pay before the account is overdue 50 days. how much interest are you paying implicitly? How many days’ credit are you receiving?

Monthly holding period return for march : In March, the price dropped as low as $10, but ended March at $33 per share. In March, the firm also made its quarterly dividend payment

User Account

All Pages