What is its accounts receivable balance

Assignment Help Financial Management
Reference no: EM13985534

Baker Brothers has a DSO of 32 days, and its annual sales are $4,380,000. What is its accounts receivable balance? Assume that it uses a 365-day year. Round your answer to the nearest cent.

Reference no: EM13985534

Questions Cloud

Debt-to-assets ratio assuming the firm uses only debt : Ratio Calculations Assume the following relationships for the Brauer Corp.: Sales/total assets 1.4x Return on assets (ROA) 4% Return on equity (ROE) 13% Calculate Brauer's profit margin assuming the firm uses only debt and common equity. Round your a..
What is its equity multiplier : Doublewide Dealers has an ROA of 12%, a 6% profit margin, and an ROE of 19%. What is its total assets turnover? Round your answer to two decimal places. What is its equity multiplier?
About the internal consulting : An economic recession has increased charity care and bad debts from 4 percent to 6 percent of net revenues. The board asks for "all possible" cost reductions, and one board member notes that the internal consulting activity consumes more than $1 mill..
Balance sheet analysis : Balance Sheet Analysis Complete the balance sheet and sales information using the following financial data: Total assets turnover: 1.1x Days sales outstanding: 38 days a Inventory turnover ratio: 7x Fixed assets turnover: 2.5x Current ratio: 2.4x Gro..
What is its accounts receivable balance : Baker Brothers has a DSO of 32 days, and its annual sales are $4,380,000. What is its accounts receivable balance? Assume that it uses a 365-day year.
For the cash flows in the previous problem : For the cash flows in the previous problem, suppose the firm uses the NPV decision rule. At a required return of 9% should the firm accept this project? What if the required return was 21%.
Concepts of inflation-present value and future value : Why is it important to understand the concepts of inflation, present value, and future value? What are some of the important terms and concepts that managers must understand in making decisions in today's global economic environment? Why are these co..
Loan is to be repaid in equal annual installments : Big Brothers INC borrows $66,737 from the bank at 18.15% per year, compounded annually, to purchase new machinery. The loan is to be repaid in equal annual installments at the end of each year over the next 8 years. How much will each annual payment ..
Accounts receivable-average collection period : In the most recent fiscal year, its sales were $18 million with $2,500,000 in after tax profits. Historically, the firm shipped out its goods with a 30 day pay period allowed, with no cash discount offered. In looking over the numbers, Beth (CEO) fel..

Reviews

Write a Review

Financial Management Questions & Answers

  Target capital structure-what is the aftertax cost of debt

Mullineaux Corporation has a target capital structure of 65 percent common stock, 5 percent preferred stock, and 30 percent debt. Its cost of equity is 11 percent, the cost of preferred stock is 5 percent, and the pretax cost of debt is 7 percent. Wh..

  Determined by the yield on the one-year LIBOR plus

The fully-indexed rate on a 5/1 ARM with a maturity of 30 years is determined by the yield on the one-year LIBOR plus a margin of 250 basis points. If the fully-indexed (composite) rate is currently 6%, what is the current yield on the one-year LIBOR..

  What is the cost preferred stock financing

The preferred stock of gator industries sells for $35.66 and pays $2.74 per year in dividends. What is the cost preferred stock financing? How should this cost be incorporated into the NPV of the project being financed?

  Working as investment banker with starting annual salary

Sarah started working as an investment banker with a starting annual salary of $84,000 on January 1, 2014. She receives her salary in equal monthly instalments at the end of each month. She expects to receive a 4% raise every year until she retires a..

  What was approximate real rate of return on this investment

Christina purchased 200 shares of stock at a price of $62.30 a share and sold them for $70.25 a share. She also received $148 in dividends. If the inflation rate was 4.2 percent, What was her approximate real rate of return on this investment?

  Treasury bill-reasonable annualized risk-free rate

Suppose that US Treasury Bills have seven days left until maturity, have a face value of $75,650, and have a quoted YTM of 5%. What would be a reasonable annualized risk-free rate that could be derived from this US Treasury Bill?

  Rate of return will you earn on initial investment in bond

Suppose you purchase a 30-year Treasury bond with a 7% annual coupon, initially trading at par. In 10 years time the bond's yield to maturity has risen to 8% (EAR). (Assume $100 face value bond)  If you sell the bond now, what internal rate of return..

  Most recent dividend per share paid on the stock

Gontier Corporation stock currently sells for $64.48 per share. The market requires a return of 9 percent on the firm’s stock. If the company maintains a constant 4.5 percent growth rate in dividends, what was the most recent dividend per share paid ..

  Which type of cost system-process or job order

Which type of cost system, process or job order, would be best suited for each of the following: (a) TV assembler, (b) building contractor, (c) automobile repair shop, (d) paper manufacturer, (e) custom jewelry manufacturer? Give reasons for your ans..

  Value of foreign stocks in an investment portfolio

Discuss the value of foreign stocks in an investment portfolio. Do you want them? If so, which ones? Do you diversify the classes as you would domestic stock? If so, what classes would you select? Are there any countries you would avoid? What about a..

  Raising the new capital through issuing convertible bonds

The following data apply to Frye Inc.: Frye Inc. needs to raise $30 million for its new project. Frye Inc. is considering raising the new capital through issuing convertible bonds which will be sold at par, carry a coupon rate of 6% - annually paid, ..

  What is the future value of these cash flows

If the discount rate is 6 percent, what is the future value of these cash flows in Year 4? What is the future value at an interest rate of 14 percent?  What is the future value at an interest rate of 21 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