What is the days sales in receivables

Assignment Help Finance Basics
Reference no: EM13282437

Billings, Inc has net income of $161,000, a profit margin o 7.6 percent, and an accounts receivable balance of $127,100. Assume that 66 percent of sales are on credit. What is the days' sales in receivables?

Reference no: EM13282437

Questions Cloud

How high would the effective yield on a taxable bond : How high would the effective yield on a taxable bond have to rise before the investor would prefer the taxable bond to the 6% tax-free bond?
How long will your friend be driving before he meets you : You are eating lunch at your favorite cafe and your friend calls and says he wants to meet you. He is calling from a city 175 miles away and wants to meet you somewhere between the two locations. how long will your friend be driving before he meets..
Find the launch speed of a projectile : What is the launch speed of a projectile that rises vertically above the Earth to an altitude equal to four times the Earth's radius before coming to rest momentarily
What is the cost of new equity for this company : What is the cost of new equity for this company, taking into account flotation costs?
What is the days sales in receivables : Billings, Inc has net income of $161,000, a profit margin o 7.6 percent, and an accounts receivable balance of $127,100. Assume that 66 percent of sales are on credit. What is the days' sales in receivables?
At what height from the ground will two objects first meet : A small object begins a free-fall from a height of H = 82.5 m at t0 = 0 s. At what height from the ground will the two objects first meet
What is the electric flux through the wall : A vertical wall (5.4 m 2.4 m) in a house faces due east. A uniform electric field has a magnitude of 164 N/C. What is the electric flux through the wall
Determine the work done in carrying a charge in two points : Determine the work done in carrying a charge -2x10-6C from P1 = (2, 1, -1) to point P2 = (8, 2, -1) (both in cartesians) in the field E = yax + xay (all in SI units) by integrating QE.dL along the straight line connecting the two points. Note: E i..
Determine the direction of the last leg of the journey : a chartered airplane flies 100 km east, then 350 km north west, and then 150 km at 30 degrees west of south. determine the direction of the last leg of the journey

Reviews

Write a Review

Finance Basics Questions & Answers

  Calculation of net present value of decision making

Calculation of Net Present Value of decision making and the mining engineers estimate a 60% chance of success and the financial staff has calculated

  Define the various capital budgeting methods

Define the various capital budgeting methods such as net present value (NPV), internal rate of return (IRR), and so on, and explain how they differ from one another.

  What is avicorps pre-tax cost of debt

Avicorp has a $11.2 million debt issue outstanding, with a 5.8% coupon rate. The debt has semi-annual coupons, the next coupon is due in six months, and the debt matures in five years. It is currently priced at 96% of par value.

  Compute the market value

Compute the market value and What is the maximum amount that can be loaned on a property whose net operating income

  Should hathaway go ahead with this project

What is the IRR of the project? If appropriate cost of capital is 12 percent, should Hathaway go ahead with this project?

  Determination of the basis point spread

Determination of the basis point spread of two securities with different maturities discount and premium based on their yields to maturity.

  Computation of various financial ratios

Computation of various financial ratios from the given information and obtained from the accounting records of Hamberg Company at the end of its fiscal year

  Fund balances to governmental activities changes net assets

A governmental funds Statement of Revenues, Expenditures, and Changes in Fund Balances reported expenditures of $33,500,000, including capital outlay expenditures of $3,200,000.

  What is the maximum revenue

Solve the LPP obtained in (a) graphically by using iso-pro t lines in order to conclude how framer Jones could maximize the total revenue from wheat and corn. What is the maximum rev- enue?

  Calculate the amount of the equal periodic payments

Following are the present value factors for $1 discounted as 8 percent for 1 to 5 periods. Each of the following items is based on 8 percent interest compounded yearly from day of deposit to day of withdrawal.

  What is the value of a right

Image Storage Corporation has 1,000,000 shares outstanding. It wishes to issue 500,000 new shares using a (North American) rights issue. If the current stock price is $50 and the subscription price is $47/share, what is the value of a right?

  Calculate the required rate of return for mars inc.s stock

Calculate the required rate of return for Mars Inc.'s stock. The Mars's beta is 1.2, the rate on a T-bill is 4 percent, the rate on a long-term T-bond is 6 percent, the expected return on the market is 11.5 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