How long does it take the mountain top shoppe to pay

Assignment Help Finance Basics
Reference no: EM131129644

The Mountain Top Shoppe has sales of $512,000, average accounts receivable of $31,400 and average accounts payable of $24,800. The cost of goods sold is equivalent to 71 percent of sales. How long does it take The Mountain Top Shoppe to pay its suppliers?

Reference no: EM131129644

Questions Cloud

Explain some of factors that may influence a person choice : Using sources such as the Centers for Disease Control and Prevention, research some information on the leading causes of death related to life-style choices. Explain some of the factors that may influence a person's choice regarding their life-s..
Calculate price earning ratio dividend yield dividend payout : Ralite Company had net income for the year of $20 Million. It had 2 Million sharees of comon stock outstanding, with a year-end market price of $82 a share. Dividends during the year were $5.74 a share.Required:Calculate the following ratios: (a) Pri..
Find the transformation t : Suppose we are given a system with state matrices F, G, H (J = 0 in this case). Find the transformation T so that, under Eqs. (7.24) and (7.25), the new state description matrices will be in observer canonical form.
What was your final rails score : What was your final RAILS score? What skill areas were recommended for improvement and what skill areas did you do well on? How do you know those articles are peer-reviewed and relevant to your research question?
How long does it take the mountain top shoppe to pay : The Mountain Top Shoppe has sales of $512,000, average accounts receivable of $31,400 and average accounts payable of $24,800. The cost of goods sold is equivalent to 71 percent of sales. How long does it take The Mountain Top Shoppe to pay its suppl..
What should thompson do to finance its expansion : Thompson can finance its expansion with a one-year loan from its bank. The bank has quoted the following alternative loan terms: a) 12 percent rate on a simple interest loan, with monthly interest payments. Based strictly on cost considerations only,..
Why do all the life forms other than man exist : Many of you have spent hours thinking about why human beings exist. Most of you are very satisfied with the biblical answers to that question. However, entertain this question for a few moments: Why do all the life forms other than man exist? Why ..
A shelf that contains three statistics texts : Two textbooks are selected at random from a shelf that contains three statistics texts, two mathematics texts, and three physics texts. If X is the number of statistics texts and Y the number of mathematics texts actually chosen, construct a table..
Write the state equations in both control and observer form : For each of the listed transfer functions, write the state equations in both control and observer canonical form. In each case, draw a block diagram and give the appropriate expressions for F, G, and H.

Reviews

Write a Review

Finance Basics Questions & Answers

  What is corporation ps tax basis in the investment asset

What is Corporation P's tax basis in the investment asset purchased from Corporation S? Corporation P holds the land as an investment for seven years before selling it to an unrelated buyer. Compute the gain or loss recognized by Corporation P if the..

  Find debt expense

ABC start in 2008 with a debit balance in accounts receivable of $20,000 and credit balance in Allowance for Doubtful accounts of $1,500. During the year, ABC trade $400,000 of produce and received $340,000 from customers.

  What is the present value of the final

What is the present value of the final $101.75 cash flow (that is 28 years from now). Choice Properties REIT equity is a candidate for a "bond surrogate" because it pays a stable dividend supported by collecting rent on grocery stores.

  What four financial statements can be found in a firms 10-k

what four financial statements can be found in a firms 10-k filing? what checks are there on the accuracy of these

  If the assets initial cash flow is 1000 a1 1000 what will

suppose that an assets cash flow decreases at a constant rate of 4 per year. use the geometric progression.1. if the

  Explain how the appreciation of the japanese

Explain how the appreciation of the Japanese yen against the U.S. dollar would affect the return to a U.S. firm that borrowed Japanese yen and used the proceeds for a U.S. project.

  What are the main differences between credit analysis and

what are the main differences between credit analysis and equity analysis? how do these impact the financial statement

  What is the cost of the firm common stock equity

A firm has a common stock with a market price $55 per share and an expected dividend of $2.81 per share at the end of the coming year. The dividends paid on the outstanding stock over the past five years are as follows.

  At what cost of capital do the two projects have same net

Anderson Associates is considering two mutually exclusive projects that have the following cash flows: Year Project A Cash Flow Project B Cash Flow 0 -$10,000 -$8000 1 1,000 7000 2 2,000 1000 3 6,000 1000 4 6,000 1000 At what cost of capital do th..

  Calculate the annual dollar fees paid by client 1 which has

cmd asset management has the following fee structure for clients in its equity fund1.00 of first 5 million invested0.75

  Limitation of internal control

Accounting accrual concept and revenue recognition - Multiple Choice and Which of the following is not a limitation of internal control?

  What you have accomplished to your professional goal

Reflect on what you have accomplished relative to your professional goal during our course experience.

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