What is the days sales outstanding what is the average

Assignment Help Finance Basics
Reference no: EM13568119

Snider Industries sells on term of 2/10, net 45. Total sales for the year are $1,500,000. Thirty percent of customers pay on the 10th day and take discounts: the other 70% pay, on average, 50 days after their purchases.

a. What is the days sales outstanding?

b. What is the average amount of receivables?

c. What would happen to average receivables if Snider toughened its collection policy with the result that all non-discount customers paid on the 45th day.

Reference no: EM13568119

Questions Cloud

Explain why the management of regis steel division would : raddington industries produces tools and die machinery for various manufacturers. 2 years ago the company expanded
Could write three pages argumentative essay about saudi : could write three pages argumentative essay about saudi woman and why some people want her to drive and other do not.i
Assume the total increase to grant incs 2012 net income : grant inc. acquired 30 of south companys common stock for 350000 on january 1 2011. during 2011 south company reported
If the firm expects to earn 20 million in net income and : clinton company is financed 40 percent by equity and 60 percent by debt. if the firm expects to earn 20 million in net
What is the days sales outstanding what is the average : snider industries sells on term of 210 net 45. total sales for the year are 1500000. thirty percent of customers pay on
Storico co just paid a dividend of 205 per share the : storico co. just paid a dividend of 2.05 per share. the company will increase its dividend by 24 percent next year and
Suppose you want to estimate the proportion of cars that : suppose you want to estimate the proportion of cars that are sport utility vehicles suvs being driven in kansas city
Please write what are those impacts on the ma economy are : requirements1 text of the paper should be between 7 and 10 pages.2 the paper should using 12-point type double spaced.3
Tricki corp stock sells for 45 rights-on and the : tricki corp stock sells for 45 rights-on and the subscription price is 35. ten rights are required to purchase one

Reviews

Write a Review

Finance Basics Questions & Answers

  How many cups of coffee must it sell to break-even

The Coffee Express has computed its fixed costs to be $0.34 for every cup of coffee it sells given annual sales of 212,000 cups. The sales price is $1.49 per cup while the variable cost per cup is $0.63. How many cups of coffee must it sell to bre..

  Fair value of given annuity

You've a chance to buy an annuity that pays $5,000 at the beginning of each year for 5 years. What is the most you should pay for the annuity?

  Estimate the compound annual dividend growth rate

The chairman of Heller Industries told a meeting of financial analysts that he expects company's earnings and dividends to double over the next six years.

  An investor purchases a 30-year zero-coupon bond with a

an investor purchases a 30-year zero-coupon bond with a face value of 1000 and a yield to maturity of 6.5. he sells

  Solving problems on finance

Anaconda Copper Company created a subsidiary in Chile last year to mine copper ore. The proportion of net income paid back to the parent firm as a dividend would be recorded in the current account subcategory of;

  How is interest-rate risk a function of a bond maturity

Based on the price changes in response to the changes in yield to maturity, how is interest-rate risk a function of a bond's maturity? That is, is interest-rate risk the same for all four bonds, or does it depend on the bond's maturity?

  Obtain cash flow statements of wal-mart

Obtain cash flow statements of Wal-Mart for the last two years for the publicly traded company and select two performance ratios and two coverage ratios for cash flow analysis that you think will be most effective.

  Trevor price bought 10-year bonds issued by harvest foods

trevor price bought 10-year bonds issued by harvest foods five years ago for 936.05. the bonds make semiannual coupon

  The effect of the portfolio on risk of a security

The effect of the portfolio on risk of a security

  What are cash receipts in march

if excel inc. has projected sales of $30,000 in january, $20,000 in february, and $20,000 in march 80% of sales are on credit 20% are collected in the month of sale and 80% are collected the month after, what are cash receipts in march?

  S the present value of the futures contract in dollars

Treasury bond futures contract settles at 105'8.  a. What is the present value of the futures contract in dollars? b. If the contract settles at 105-8, are current market interest rates higher or lower than the standardized rate on a futures contract..

  What is the projected net present value of the new project

The company's cost of equity is 15.5 percent while the aftertax cost of debt for the firm is 6.1 percent. What is the projected net present value of the new 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!

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