Which of the following statements is false? Group of answer choices Receivables balance fractions are tables...
Which of the following statements is false?
Group of answer choices
Receivables balance fractions are tables showing the total dollar amounts and the percentages of total accounts receivable that fall into several age classifications.
Collection fractions are the percentages of sales collected during various months.
An average age of accounts receivable is the average age of all of the firm's outstanding invoices.
Monitoring accounts receivable is critical because of the size of the investment.
Homework Answers
Ans Receivables balance fractions are tables showing the total dollar amounts and the percentages of total accounts receivable that fall into several age classifications.
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Which of the following statements is false?
Group of answer choices
Receivables balance fractions are tables...
Which of the following statements is FALSE? Group of answer choices The WACC can be used...
Which of the following statements is FALSE? Group of answer choices The WACC can be used throughout the firm as the company wide cost of capital for new investments that are of comparable risk to the rest of the firm and that will not alter the firm's debt-equity ratio. A disadvantage of the WACC method is that you need to know how the firm's leverage policy is implemented to make the capital budgeting decision. The intuition for the WACC method...
Route Canal Shipping Company has the following schedule for aging of accounts receivable: Age of Receivables...
Route Canal Shipping Company has the following schedule for
aging of accounts receivable:
Age of Receivables
April 30, 20X1
(1)
(2)
(3)
(4)
Month of
Sales
Age of
Account
Amounts
Percent of
Amount Due
April
0–30
$
253,750
_______
March
31–60
145,000
_______
February
61–90
217,500
_______
January
91–120
108,750
_______
Total receivables
$
725,000
100%
a. Calculate the percentage of amount due for each
month.
b. If the firm had $1,740,000 in credit sales over
the four-month period, compute...
Which of the following statements is FALSE? Group of answer choices A dollar in the future...
Which of the following statements is FALSE? Group of answer choices A dollar in the future is worth more than a dollar today. It is only possible to compare or combine values at the same point in time. The effect of earning interest on interest is known as compound interest.
Which of the following statements is FALSE? Group of answer choices A dollar in the future...
Which of the following statements is FALSE?
Group of answer choices A dollar in the future is worth more than a
dollar today. It is only possible to compare or combine values at
the same point in time. The effect of earning interest on interest
is known as compound interest.
Question 4 1 pts Which of the following statements is FALSE? O A dollar in the future is worth more than a dollar today. O It is only possible to...
Route Canal Shipping Company has the following schedule for aging of accounts receivable: Age of Receivables...
Route Canal Shipping Company has the following schedule for aging of accounts receivable: Age of Receivables April 30, 2013 (1) (2) (3) (4) Month of Sales Age of Account Amounts Percent of Amount Due April................................. 0–30 $ 131,250 ____ March............................... 31–60 93,750 ____ February........................... 61–90 112,500 ____ January............................. 91–120 37,500 ____ Total receivables............ $ 375,000 100% a. Fill in column (4) for each month. b. If the firm had $1,500,000 in credit sales over the four-month period,...
Route Canal Shipping Company has the following schedule for aging of accounts receivable: Age of Receivables...
Route Canal Shipping Company has the following schedule for aging of accounts receivable: Age of Receivables April 30, 20X1 (1) (2) (3) (4) Month of Sales Age of Account Amounts Percent of Amount Due April 0–30 $ 131,760 _______ March 31–60 49,410 _______ February 61–90 115,290 _______ January 91–120 32,940 _______ Total receivables $ 329,400 100% a. Calculate the percentage of amount due for each month. a. Calculate the percentage of amount due for each month. b. If the firm...
Route Canal Shipping Company has the following schedule for aging of accounts receivable: Age of Receivables...
Route Canal Shipping Company has the following schedule for aging of accounts receivable: Age of Receivables April 30, 20X1 (1) (2) (3) (4) Month of Sales Age of Account Amounts Percent of Amount Due April 0–30 $ 161,820 _______ March 31–60 71,920 _______ February 61–90 107,880 _______ January 91–120 17,980 _______ Total receivables $ 359,600 100% a. Calculate the percentage of amount due for each month. b. If the firm had $1,488,000 in credit sales over the four-month period, compute...
Accounts receivable management This table, shows that Blair Supply had an end-of-year accounts receivable balance of...
Accounts receivable management This table, shows that Blair Supply had an end-of-year accounts receivable balance of $299,875. The table also shows how much of the receivables balance originated in each of the previous six months. The company had annual sales of $2.40 million and it normally extends 30-day credit terms to its customers. a. Use the year-end total to evaluate the firm's collection system. b. If 70% of the firm's sales occur between July and December, would this affect the...
Which of the following statements is FALSE? ns O A. Businesses can also obtain short-term financing...
Which of the following statements is FALSE? ns O A. Businesses can also obtain short-term financing by using secured loans, which are loans collateralized with short-term assets-most typically the firm's accounts receivables or inventory O B. In a factoring of accounts receivable arrangement, the firm sells receivables to the lender (i.e., the factor), and the lender agrees to pay the firm the amount due from its customers at the end of the firm's payment period. O c. If a factoring...
Real World Financials ABC Corporation reported the following information in its financial statements for three successive quarters ($ in millions): Three Months Ended 9/30/2017 (Q1) 6/30/2017 (Q4) 3/31/2017 (Q3) Balance sheets:
Real World FinancialsABC Corporation reported the following information in its financial statements for three successive quarters ($ in millions): Three Months Ended9/30/2017 (Q1)6/30/2017 (Q4)3/31/2017 (Q3)Balance sheets:Accounts receivable, net$17,361$19,830$12,920Income statements:Sales revenue$24,570$23,350$22,160 Required:Compute the receivables turnover ratio and the average collection period for Q1 and Q4. Assume that each quarter consists of 91 days. (Round average accounts receivable answers to nearest whole dollar. Enter your answers in millions. Round "Turnover ratio" answers to 3 decimal places.)
Route Canal Shipping Company has the following schedule for
aging of accounts receivable:
Age of Receivables
April 30, 20X1
(1)
(2)
(3)
(4)
Month of
Sales
Age of
Account
Amounts
Percent of
Amount Due
April
0–30
$
253,750
_______
March
31–60
145,000
_______
February
61–90
217,500
_______
January
91–120
108,750
_______
Total receivables
$
725,000
100%
a. Calculate the percentage of amount due for each
month.
b. If the firm had $1,740,000 in credit sales over
the four-month period, compute...
Which of the following statements is FALSE?
Group of answer choices A dollar in the future is worth more than a
dollar today. It is only possible to compare or combine values at
the same point in time. The effect of earning interest on interest
is known as compound interest.
Question 4 1 pts Which of the following statements is FALSE? O A dollar in the future is worth more than a dollar today. O It is only possible to...
Accounts receivable management This table, shows that Blair Supply had an end-of-year accounts receivable balance of $299,875. The table also shows how much of the receivables balance originated in each of the previous six months. The company had annual sales of $2.40 million and it normally extends 30-day credit terms to its customers. a. Use the year-end total to evaluate the firm's collection system. b. If 70% of the firm's sales occur between July and December, would this affect the...
Which of the following statements is FALSE? ns O A. Businesses can also obtain short-term financing by using secured loans, which are loans collateralized with short-term assets-most typically the firm's accounts receivables or inventory O B. In a factoring of accounts receivable arrangement, the firm sells receivables to the lender (i.e., the factor), and the lender agrees to pay the firm the amount due from its customers at the end of the firm's payment period. O c. If a factoring...
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