Calculate becher expected accounts payable balance

Assignment Help Finance Basics
Reference no: EM131007483

Becher Industries has three suppliers for its raw materials for manufacturing.

The firm purchases $180 million per year from Johnson Corp. and normally takes 30 days to pay these bills. Becher also purchases $150 million per year from Jensen, Inc., and normally pays Jensen in 45 days. Becher's third supplier, Docking Distributors, offers 2/10, n.30 terms. Becher takes advantage of the discount on the $90 million per year that it typically purchases from Docking. Calculate Becher's expected Accounts Payable balance. (Use a 360-day year for your calculations.)

Reference no: EM131007483

Questions Cloud

How are issuances of debt securities and issuances : How are payments to investors in debt securities (interest) and payments to investors in equity securities (dividends) classified in a statement of cash flows? Is this a conceptual inconsistency? Explain.
Characteristics of high quality early childhood programs : Describe the characteristics of high quality early childhood programs. Discuss and give examples of at least three benefits of early childhood education. Use scholarly research findings to support your position
Payroll accrual at the end of the month : Belvedere Inc. has an annual payroll of $52 million. The firm pays employees every two weeks on Friday afternoon. Last month, the books were closed on the Tuesday after payday. How much is the payroll accrual at the end of the month?
Determine the minimum width b of the lug to carry a load : The load is applied in the L direction of the plate and B basis design values are assumed. For ultimate stress design, the tensile stress in the lug is assumed to be s = P/ [(b-d)h] and the bearing stress in the lug along the pin-lug interface is ..
Calculate becher expected accounts payable balance : Calculate Becher's expected Accounts Payable balance. (Use a 360-day year for your calculations.)
Calculate work done in pumping oil from the cone-shaped tank : Calculate the work done in pumping oil from the cone-shaped tank to 10 meters above its rim, based on the given diagram below. The density of the oil is 800 kg/m3. The vertical depth of the oil is 10 meters.
What is so ominous about the combination of events ben sees : What is so ominous about the combination of events Ben sees? What course of action, if any, should Ben take?
Compute miller depreciation expense : Compute Miller's depreciation expense for 20X2, 20X3, and 20X4. Prepare the Fixed Asset portion of the balance sheet (for these two fixed assets) as of the end of 20X2, 20X3, and 20X4.
Customer payment of an account receivable : Consider the current asset accounts (Cash, Accounts Receivable, and Inventory) individually and as a group. What impact will the following transactions have on each account and current assets in total (Increase, Decrease, No Change)?

Reviews

Write a Review

 

Finance Basics Questions & Answers

  What is residual income abnormal earnings economic profit

what is residual income? abnormal earnings? economic profit?

  What is the intrinsic value of deployment specialists stock

what is the intrinsic value of Deployment Specialists stock? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

  A year later interest rates have dropped and the bonds

suppose you buy a bond for 1020 with a 15-year maturity paying an annual coupon of 80. a year later interest rates

  What is the value of the timing option today

This is a risky project, so a WACC of 16.0% is to be used. If NPC chooses to wait a year before proceeding, what is the value of the timing option today?

  Determine preferences of investors

A gentleman have Corporation X stock because its price has been steadily rising over the past few years and he expects its performance to continue.

  Give an example of one government employee law

Give an example of one government employee law that you think people may take advantage of and how people take advantage of it?

  Annual revenue was 27000 and the usedequipment was salvaged

over a 5-year period the costs associated with one product lineof aaa company were as follows first cost of 30000 and

  Calculate the weighted average cost of capital

Calculate the weighted average cost of capital

  Changes in the forward rate assume that interest rate

changes in the forward rate assume that interest rate parity exists and will continue to exist. as of this morning the

  How large will your account balance be in 25 years

You are planning to make annual deposits of $6,210 into a retirement account that pays 8 percent interest compounded monthly. How large will your account balance be in 25 years?

  How does the existence of asymmetric information and

how does the existence of asymmetric information and signaling affect capital

  Potential explanations for existance of the january effect

Potential explanations for the existance of the january effect (give economic, behavioural and contxtualised narrative)

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