Homework Answers
(a): Receivables turnover=365/29=12.5862 or 12.586 (Rounded to 3 decimal places)
(b): Annual credit sales=91300*365=$33324500.00
Add Answer to:
Rose, Inc., has an average collection period of 29 days. Its average daily investment in receivables...
A7X, Inc., has an average collection period of 23 days. Its average daily investment in receivables...
A7X, Inc., has an average collection period of 23 days. Its average daily investment in receivables is $82,000. What is the receivables turnover? (Do not round intermediate calculations and round your answer to 3 decimal places, e.g., 32.161.) Receivables turnover times What are annual credit sales? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Annual credit sales $
1. A7X, Inc., has an average collection period of 31 days. Its average daily investment in...
1. A7X, Inc., has an average collection period of 31 days. Its average daily investment in receivables is $90,000. What is the receivables turnover? (Do not round intermediate calculations and round your answer to 3 decimal places, e.g., 32.161.) Receivables turnover times What are annual credit sales? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Annual credit sales
Starset, Inc., has an average collection period of 50 days. Its average daily investment in receivables...
Starset, Inc., has an average collection period of 50 days. Its average daily investment in receivables is $44,300. Assume 365 days per year. a. What is the receivables turnover? (Do not round intermediate calculations and round your answer to 4 decimal places, e.g., 32.1616.) b. What are annual credit sales? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) The Snedecker Corporation is considering a change in its cash-only policy. The new terms would...
Essence of Skunk Fragrances, Ltd., sells 7,400 units of its perfume collection each year at a...
Essence of Skunk Fragrances, Ltd., sells 7,400 units of its perfume collection each year at a price per unit of $690. All sales are on credit with terms of 1/15, net 60. The discount is taken by 55 percent of the customers. Calculate the average collection period. (Round your answer to 2 decimal places, e.g., 32.16.) Average collection period days What is the receivables turnover? (Use 365 days a year. Do not round intermediate calculations and round your...
Zane Corporation has an inventory conversion period of 69 days, an average collection period of 43...
Zane Corporation has an inventory conversion period of 69 days, an average collection period of 43 days, and a payables deferral period of 23 days. Assume 365 days in year for your calculations. What is the length of the cash conversion cycle? Round your answer to two decimal places. days If Zane's annual sales are $2,181,245 and all sales are on credit, what is the investment in accounts receivable? Do not round intermediate calculations. Round your answer to the nearest...
Your firm has an average collection period of 29 days. Current practice is to factor all...
Your firm has an average collection period of 29 days. Current practice is to factor all receivables immediately at a discount of 1.9 percent. Assume that default is extremely unlikely. What is the effective cost of borrowing? (Do not round intermediate calculations and enter your answer as a pecent rounded to 2 decimal places, e.g., 32.16.) Effective cost of borrowing
Zane Corporation has an inventory conversion period of 83 days, an average collection period of 33...
Zane Corporation has an inventory conversion period of 83 days, an average collection period of 33 days, and a payables deferral period of 40 days. Assume 365 days in year for your calculations. a. What is the length of the cash conversion cycle? Round your answer to two decimal places. 76 days b. If Zane's annual sales are $4,278,570 and all sales are on credit, what is the investment in accounts receivable? Round your answer to the nearest cent. Do...
Aguilera Corp. has a current accounts receivable balance of $338,500. Credit sales for the year just...
Aguilera Corp. has a current accounts receivable balance of $338,500. Credit sales for the year just ended were $4,847,320. What is the company's receivables turnover? (Do not round intermediate calculations. Round your answer to 2 decimal places, e.g., 32.16.) Receivables : turnover times What is the company's days' sales in receivables? (Use 365 days a year. Do not round intermediate calculations. Round your answer to 2 decimal places, e.g., 32.16.) Days' sales in receivables 7 days How long did it...
Ordonez Lumber Yard has a current accounts receivable balance of $446,016. Credit sales for the year...
Ordonez Lumber Yard has a current accounts receivable balance of $446,016. Credit sales for the year just ended were $6,853,080 What is the receivables turnover? (Do not round intermediate calculations and round your answer to 2 decimal places, o.g, 32.16.) Receivables turnover times What is the days' sales in receivables? (Do not round intermediate calculations and round your answer to 2 decimal places, e.932.16) Days' sales in receivables decimal places,e.g, 32.16.) Average collection period days for credit customers to pay...
The Malibu Corporation has annual credit sales of $34 million. The average collection period is 36...
The Malibu Corporation has annual credit sales of $34 million. The average collection period is 36 days. What is the average investment in accounts receivable as shown on the balance sheet? (Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, rounded to 2 decimal places, e.g., 1,234,567.89.) Average receivables.
Your firm has an average collection period of 29 days. Current practice is to factor all receivables immediately at a discount of 1.9 percent. Assume that default is extremely unlikely. What is the effective cost of borrowing? (Do not round intermediate calculations and enter your answer as a pecent rounded to 2 decimal places, e.g., 32.16.) Effective cost of borrowing
Zane Corporation has an inventory conversion period of 83 days, an average collection period of 33 days, and a payables deferral period of 40 days. Assume 365 days in year for your calculations. a. What is the length of the cash conversion cycle? Round your answer to two decimal places. 76 days b. If Zane's annual sales are $4,278,570 and all sales are on credit, what is the investment in accounts receivable? Round your answer to the nearest cent. Do...
Aguilera Corp. has a current accounts receivable balance of $338,500. Credit sales for the year just ended were $4,847,320. What is the company's receivables turnover? (Do not round intermediate calculations. Round your answer to 2 decimal places, e.g., 32.16.) Receivables : turnover times What is the company's days' sales in receivables? (Use 365 days a year. Do not round intermediate calculations. Round your answer to 2 decimal places, e.g., 32.16.) Days' sales in receivables 7 days How long did it...
Ordonez Lumber Yard has a current accounts receivable balance of $446,016. Credit sales for the year just ended were $6,853,080 What is the receivables turnover? (Do not round intermediate calculations and round your answer to 2 decimal places, o.g, 32.16.) Receivables turnover times What is the days' sales in receivables? (Do not round intermediate calculations and round your answer to 2 decimal places, e.932.16) Days' sales in receivables decimal places,e.g, 32.16.) Average collection period days for credit customers to pay...
The Malibu Corporation has annual credit sales of $34 million. The average collection period is 36 days. What is the average investment in accounts receivable as shown on the balance sheet? (Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, rounded to 2 decimal places, e.g., 1,234,567.89.) Average receivables.
Most questions answered within 3 hours.
-
A solid, uniform disk of radius 0.250 m and mass 53.7 kg rolls
down a ramp...
asked 1 hour ago -
Given the following table of high speed internet access vs.
annual home income:
Home Income
%...
asked 2 hours ago -
A baseball batter hits a 0.145kg baseball straight up into the
air. The baseball leaves the...
asked 2 hours ago -
An FM modulator is tested using
single-tone baseband signal with frequency of 50kHz and a sprectrum...
asked 3 hours ago -
Write the ionic equations for the first stage of salts
hydrolysis.
Anion, Cation?
Na2S
NiSO4
K2SO4...
asked 4 hours ago -
suppose there is a normally distributed population with a mean of
250 and a standard deviation...
asked 5 hours ago -
Question Three
Suppose you as project manager are using the Waterfall
development methodology on a large...
asked 6 hours ago -
Which statement is not true about welfare in Canada?
A.Benefits typically vary based on one's ability...
asked 7 hours ago -
Please help me with FLOWCHART and UML diagram for class,
thank you!
#include <iostream>
#include <fstream>...
asked 7 hours ago -
3. Describe the “logic circuit” of the Lac operon. Which
proteins are bound or not to...
asked 7 hours ago -
Ayesha’s adjusted gross income is $60,000 in 2019. She donated a
piece of artwork with a...
asked 7 hours ago -
For Dijkstra’s shortest path algorithm:
a. Give the Big-O time for Dijkstra’s shortest path algorithm
and...
asked 8 hours ago