User Account

All Pages

What reduction in average collection time would be needed

Assignment Help Accounting Basics
Reference no: EM133137710

Question - Bulldogs Inc. deals with various clients throughout the city and is attempting to collect its accounts receivable more efficiently. A major bank has offered a lock-box system for Bulldogs at a cost of P180,000 per year. Bulldogs averages 300 receipts daily at an average of P5,000 each. Short-term interest is at 8% annually. What reduction in average collection time would be needed to justify the lock-box system? (Use a 360-day year).

Reference no: EM133137710

Questions Cloud

Different morphological types of viruses : Describe the different morphological types of viruses and give examples of each type:
Methicillin-resistant staphylococcus aureus : Discuss who you believe to be at the highest risk for MRSA outside the health care environment? Explain.
Describe three common bacterial skin infections : Describe three common bacterial skin infections. Describe three different types of respiratory infections caused by bacteria.
How your life experiences influenced your decision : Describe how your life experiences influenced your decision to pursue a pharmacy career and desire to serve in rural areas
What reduction in average collection time would be needed : Short-term interest is at 8% annually. What reduction in average collection time would be needed to justify the lock-box system? (Use a 360-day year)
Determine the non-controlling interest in net asset : Revenues were earned evenly throughout the year Determine the non-controlling interest in net asset of subsidiary on December 31, 2022
Yourself primarily as conservationist-environmentalist : Do you think of yourself primarily as a conservationist, environmentalist, ecologist, preservationist, or none of these? Why?
How much should be reported as foreign exchange gain : In Cade's 2021 consolidated statement of income, how much should be reported as foreign exchange gain/loss in computing net income
Explain the concepts of capitalism and socialism : Examine the role capitalism plays in corporate decision-making and Explain the concepts of capitalism and socialism

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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