Question on size of accounts receivable

Reference no: EM1354549

Corporate Finance question:

Tidwell, Inc. has weekly credit sales of $19,400, and the average collection period is 34 days. The cost of production is 75 percent of the selling price. What is the average accounts receivable figure?

The book explains monitoring receivables and aging schedules but nothing about average accounts receivable figures. What is the formula for answering this question? Is it obvious and I am missing it? Can you please let me know the formula to figure this out?

Reference no: EM1354549

Questions Cloud

Explain the key patient rights in healthcare : Explain the key patient rights in healthcare and What will you do as a healthcare leader to ensure that individuals are well educated regarding their rights as a patient in your facility

Elucidate how a decline in the cost of business travel : Elucidate how a 20% decline in the cost of business travel would impact this company's budget if the price of business travel was initially $1,000 per trip and the price of electronic media was $500 per hour.

Enduring a traumatic brain injury : A teenager who endured a traumatic brain injury in an automobile accident and who now has severe facial and upper-body scarring?

Explain the horizontal reward system : Explain the horizontal reward system used in a workplace - Do you find this system effective or ineffective? How?

Question on size of accounts receivable : Tidwell, Inc. has weekly credit sales of $19,400, and the average collection period is 34 days. The cost of production is 75 percent of the selling price. What is the average accounts receivable figure?

Audit of multifaceted special events : As an independent financial consultant, you have been hired to audit the books of a multifaceted special events organization. Upon examination of the records, you determine that management intentionally commingled funds between the different divis..

Explain what is an incident report in health care : Explain What is an incident report in health care and When would you complete an incident report and what would you be sure to include in the report?

Organizational challenges : Why are people fearful of change and as an employer, what are some ways to help employees cope with changes

Determine maximum value in ring if there is unique initiator : Design an algorithm that, under the standard set of assumptions (bidirectional links, total reliability, connectivity), determines maximum value in the ring assuming that there is a unique initiator.

User Account

All Pages