What is company average accounts receivable figure

Assignment Help Financial Management
Reference no: EM131353238

Two Doors Down, Inc., has weekly credit sales of $40,400, and the average collection period is 25 days.

What is the company's average accounts receivable figure? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Reference no: EM131353238

Questions Cloud

Can this be regarded as quantization of mass : In many classical systems the allowed frequencies are quantized. Name some of the systems. Is energy quantized there too?
Calculate average heat of reaction within temperature range : The equilibrium constant for the dissociation of N204 has the values 0.664 and 0.141 at the temperatures 318 K and 298 K, respectively. Calculate the average heat of reaction within this temperature range.
Is there anything that was done to fight great depression : What similarities and differences do you see between the Great Depression and our current economic problems? Is there anything that was done to fight the Great Depression that should be done now?Provide at least one reference, cited and reference..
What is the forecast for big mac demand for friday : The forecast for Monday was derived by observing Monday's demand level and setting Monday's forecast level equal to this demand level. Subsequent forecasts were derived by using exponential smoothing with a smoothing constant of 0.25. Using this e..
What is company average accounts receivable figure : Two Doors Down, Inc., has weekly credit sales of $40,400, and the average collection period is 25 days. What is the company's average accounts receivable figure?
Are there quantized quantities in classical physics : Why is optical pyrometry commonly used above the gold point and not below it? What objects typically have their temperatures measured in this way?
Determine the average heat of dissociation graphically : The equilibrium constant of reaction.- SO3SO2 + 1/2 O2- Determine the average heat of dissociation graphically.
What role did the civil rights movement play in emergence : In the "Chinese Exclusion Example" by Erica Lee, Lee argues that new Asian immigrants were seen as a threat to the United States because of their race and their labor. Discuss how Asians were perceived by nativists, and why the Chinese were seen ..
Concerning income taxation of trusts and estates : Which of the following statements concerning income taxation of trusts and estates is correct? Which of the following statements concerning the federal estate tax charitable deduction is correct? Which of the following items would be included in a de..

Reviews

Write a Review

Financial Management Questions & Answers

  Trying to determine its cost of debt

A company is trying to determine its cost of debt. The firm has a debt issue outstanding with 12 years to maturity that is quoted at 96% of the face value. The issue makes semi-annual payments and has a coupon rate of 7%annually. What is the pre tax ..

  What is its total cost at the eoq

What is Litespeed's economic order quantity (EOQ) for the motors?- What is its total cost at the EOQ?- How large a safety stock (in units) of motors should Litespeed maintain?

  What is yield to maturity-assume semi-annual coupon payments

Fullerton Company's bonds are currently selling for $1,200.00 per $1000 par-value bond. The bonds have a 10% coupon rate and will mature in 11 years. What is the yield to maturity? (assume semi-annual coupon payments).

  Discuss why cash flows are important in finance

Discuss why cash flows are important in finance.

  Cash balances as result of implementing lockbox system

It takes Cookie Cutter Modular Homes, Inc., about six days to receive and deposit checks from customers. Cookie Cutter’s management is considering a lockbox system to reduce the firm’s collection times. What is the reduction in outstanding cash balan..

  Assume these amounts will be compounded at an annual rate

Suppose you deposit $2,000 at the end of year one, nothing at the end of year 2, $800 at the end of year 3, and $1,200 and the end of year 4. Assume these amounts will be compounded at an annual rate of 8%. How much will you have deposited at the end..

  Consider the spot interest rates for maturities

Consider the following spot interest rates for maturities of one, two, three, and four years. r1 = 3.8% r2 = 4.2% r3 = 4.9% r4 = 5.7% Assuming a constant real interest rate of 2 percent, what are the approximate expected inflation rates for the next ..

  About the nonconstant growth

Microtech Corporation is expanding rapidly and currently needs to retain all of its earnings; hence, it does not pay dividends. However, investors expect Microtech to begin paying dividends, beginning with a dividend of $0.50 coming 3 years from toda..

  What is bond value for the zero-coupon bonds

The expected return on the market is 12%. Bacon Everything, INC! has a current stock price of $65. There are 15 million shares outstanding. The beta for the stock is 1.6. Bacon Everything INC! has a plowback ratio of 40%. What is the cost of equity f..

  The risk-free rate of return-beta coefficient

The risk-free rate of return is 5%, the required rate of return on the market is 10%, and High-Flyer stock has a beta coefficient of 1.5. If the dividend per share expected during the coming year, D1, is $2.50 and g = 4%, at what price should a share..

  Firm is operating at accounting break-even level of output

Which of the following values will be equal to zero when a firm is operating at the accounting break-even level of output?

  Compute the expected project length

Calculate the expected project length, variance of the critical path, standard deviation of the critical path and the activities along the critical path.

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