User Account

All Pages

Remaining sales are never collected

Assignment Help Finance Basics
Reference no: EM132379869

D & F, Inc. expects credit sales of $980, $1,460, $1,730 and $950 for the months of April through July, respectively. The firm collects 25 percent of sales in the month of sale, 65 percent of sales in the month following the month of sale, and 8 percent in the second month following the month of sale. The remaining sales are never collected. How much money does the firm expect to collect in the month of July?

Reference no: EM132379869

Questions Cloud

What is the firm disbursement float : On an average day, DDL receives checks totaling $1,700 which take 4 days to clear. What is the firm's disbursement float?
What is the operating cycle : If the accounts receivables average $87,400, what is the operating cycle (using average inventories during the year)?
Determine diegos recognized gain on the transfer : Diego transfers real estate with an adjusted basis of $529,600 and fair market value of $741,440 to a newly formed corporation in exchange.
How long is the cash conversion cycle : The average inventory is $369,000, accounts payable average $438,000, and receivables average $147,000. How long is the cash conversion cycle?
Remaining sales are never collected : The remaining sales are never collected. How much money does the firm expect to collect in the month of July?
How much should be recorded for fy 2016 : Alpha Mining Company recognizes $2 of depletion for each ton of ore mined. During 2016, 850,000 tons of ore were mined and 725,000 tons were sold.
What is the length of the inventory conversion period : What is the length of the inventory conversion period, using average inventories during the year?
What amount should alpha company record equipment purchase : Make an example of all General Journal entries without explanation required to record the events for December 31, 2018. Round numbers to whole dollars.
What is the present value of the interest tax shield : Interest is paid semiannually. What is the present value of the interest tax shield if the tax rate is 35 percent?

Reviews

Write a Review

Finance Basics Questions & Answers

  Financial reporting and analysis

Finance is about Gunns Ltd, a company in dealing with forestry products in Australia. The company has also been listed in Australian Stock Exchange. As many companies producing forestry products, even Gunns Ltd is facing various problems. Due to the ..

  A report on financial accounting

This report is specific for a core understanding for Financial Accounting and its relevant factors.

  Describe the types of financial ratios

Describe the types of financial ratios and other financial performance measures that are used during venture's successful life cycle.

  Differences between sole proprietorship and corporation

Briefly describe the major differences between a sole proprietorship and a corporation

  Prepare a cash budget statement

Calculate the expected value of the apartment in 20 years' time. What is the mortgage loan repayment at the beginning of each month

  What are the implied interest rates

What are the implied interest rates in Europe and the U.S.?

  State pricing theory and no-arbitrage pricing theory

State pricing theory and no-arbitrage pricing theory

  Small business administration

Identify the likely stage for each venture and describe the type of financing each venture is likely to be seeking and identify potential sources for that financing.

  Effect of financial leverage

The Effect of Financial Leverage and working capital management

  Evaluate the basis for the payment to the lender

Evaluate the basis for the payment to the lender and basis for the payment to the company-counterparty.

  Importance of opps, ipps, mpfs and dmepos

Research and discuss the differences and importance of : OPPS, IPPS, MPFS and DMEPOS.

  Time value of money

Time Value of Money project

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd