Calculate next year ending receivables balance

Assignment Help Finance Basics
Reference no: EM13297957

A firm is planning to lower its ACP by ten days next year. Receivables are currently $15M on credit sales of $120M Credit sales are expected to grow by 20% next year. Calculate next year's ending receivables balance (make calculations using ending balances and a 360 day year).

Reference no: EM13297957

Questions Cloud

What is ka and fha and fa and approximate h : 1.00 L solution containing 0.030 mol HA (pKa=2.50) and 0.020 mol NaA. Approximations [HA]=0.030 and [A-]=0.020 What is: Ka, FHA, FA, and approximate H
Determine the total magnification of the telescope : A reflecting telescope has a main mirror with fM = 570 mm. If an eyepiece with a magnification of 45 is used, what is the total magnification of the telescope
Compute the resisitivity at a reservoir depth of 8000 feet : Given the total dissolved solids in a brine is 20,500 ppm, compute the resisitivity at a reservoir depth of 8,000 feet.
Explain acid-base reaction with an equilibrium lying : Acid HA has a pKa = 20; acid HB has pKa = 10 Will an acid-base reaction with an equilibrium lying to the right take place if Na+A- is added to HB
Calculate next year ending receivables balance : Receivables are currently $15M on credit sales of $120M Credit sales are expected to grow by 20% next year. Calculate next year's ending receivables balance (make calculations using ending balances and a 360 day year).
Differences between mechanistic and organic forms : Explain the differences between mechanistic and organic forms of organizational design and consider yourself the CEO of a medium sized company, what factors would influence you in deciding on an organizational design. Show all references.
Describe the three categories of consumer decision-making : Describe the three categories of consumer decision-making behavior. Name typical products for which each type of consumer behavior is used. 150 worlds
What is the corporate tax paid by a firm with taxable income : What is the corporate tax paid by a firm with taxable income of $300,000, given the following tax tables.$0 - $50,000 15%$50,000 - $75,000 25%$75,000 - $100,000 34%$100,000- $335,000 39%
Find the station and elevation of the low point of the curve : On a certain highway a -6% grade meets a +2% grade at station 70 + 00, elevation 550.97 ft. An equal tangent vertical curve, 800 ft. long, is to be installed to connect these two grades.

Reviews

Write a Review

Finance Basics Questions & Answers

  Present value concept and calculating present value

Assume you're to receive the stream of annual payments (also called an "annuity") of $9000 every year for three years starting this year. The discount rate is 6%. What is the present value of such three payments?

  Computing the break-even point in units

Shock Electronics sells portable heaters for $25 each unit, and the variable expenses to manufacture them is $17. Mr. Amps estimates that the fixed costs are $96,000.

  How much will luis have in his account at the time

If the new account earns interest at the rate of 8%/year compounded quarterly, how much will Luis have in his account at the time of his retirement?

  What percentage of time are the pharmacists idle

The pharmacy of a large metropolitan hospital has a counter used exclusively for nurses' requests for medications. The time between requests is estimated to be about five minutes. A pharmacist can handle requests at a rate of 15 per hour. Suppose ..

  What is the investments internal rate of return

Your firm is considering an investment that will cost $920,000 today. the investment will produce cash flows of $450,000 in year 1, $270,000 in years 2 through 4, and $200,000 in year 5.

  What is jose expected profit from the soft drink machine

Assume 250 working days in a year and ignore taxes and the time value of money. What is Jose's expected profit from the soft drink machine?

  Find current margin position

Suppose you sold 1,000 shares of stock for $21,400. The sale was a short sale with an initial margin requirement of 60%. The maintenance margin is 30%.

  What is the effective cost of borrowing in this case

What is the effective cost of borrowing in this case? Assume that default is extremely unlikely. (Do not round intermediate calculations. Enter your answer as a percentage rounded to 2 decimal places.

  What is the equivalent annual cost

A precision lathe costs $14,000 and will cost 24,000 a year to operate and maintain. If the discountr rate is 12% and the lathe will loast for 3 years. What is the equivaelnt annual cost of the tool?

  Computation of irr and npv of the project

Computation of IRR and NPV of the project and decision making and which project should be adopted and Why

  Determine the present worth of the cash flows

The Engineering Economics Finance Corporation consider to receive $900,000 next year from a certain investment, with increases of 5 percent per year.

  Compute the new price of the bond

Tom Cruise Lines, Inc., issued bonds five years ago at $1,000 per bond. These bonds had a 20-year life when issued and the annual interest payment was then 13 percent.

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