Miyagi Data, Inc., sells earnings forecasts for Japanese securities. Its credit terms are 1/10, net 30....
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Miyagi Data, Inc., sells earnings forecasts for Japanese securities. Its credit terms are 1/10, net 30. Based on experience, 65 percent of all customers will take the discount. |
| a. | What is the average collection period? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) |
| b. | If the company sells 1,100 forecasts every month at a price of $1,950 each, what is its average balance sheet amount in accounts receivable? (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.) |
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Miyagi Data, Inc., sells earnings forecasts for Japanese
securities. Its credit terms are 1/10, net 30....
Kyoto Joe, Inc., sells earnings forecasts for Japanese securities. Its credit terms are 2/15, net 90....
Kyoto Joe, Inc., sells earnings forecasts for Japanese securities. Its credit terms are 2/15, net 90. Based on experience, 80 percent of all customers will take the discount. a. What is the average collection period for the company? (Use 365 days a year. Do not round intermediate calculations.) b. If the company sells 1,240 forecasts every month at a price of $1,850 each, what is its average balance sheet amount in accounts receivable? (Use 365 days a year. Do not...
Kyoto Joe, Inc., sells earnings forecasts for Japanese securities. Its credit terms are 1/10, net 30....
Kyoto Joe, Inc., sells earnings forecasts for Japanese securities. Its credit terms are 1/10, net 30. Based on experience, 55 percent of all customers will take the discount. a. What is the average collection period for the company? (Use 365 days a year. Do not round intermediate calculations and round your answer to 2 deceimal places, e.g., 32.16.) b. If the company sells 1,500 forecasts every month at a price of $1,280 each, what is its average balance sheet...
Kyoto Joe, Inc., sells earnings forecasts for Japanese securities. Its credit terms are 1/20, net 40....
Kyoto Joe, Inc., sells earnings forecasts for Japanese securities. Its credit terms are 1/20, net 40. Based on experience, 65 percent of all customers will take the discount. a. What is the average collection period for the company? (Use 365 days a year. Do not round intermediate calculations and round your answer to 2 deceimal places, e.g., 32.16.) b. If the company sells 1,450 forecasts every month at a price of $1,240 each, what is its average balance sheet amount...
Miyagi Data, Inc., sells earnings forecasts for Japanese securities. Its credit terms are 1/20. net 40....
Miyagi Data, Inc., sells earnings forecasts for Japanese securities. Its credit terms are 1/20. net 40. Based on experience, 80 percent of all customers will take the discount. a. What is the average collection period? (Do not round intermediate calculations and round your answer to 2 decimal places, 32.16.) b. If the company sells 1,290 forecasts every month at a price of $2,390 each, what is its average daily balance sheet amount in accounts receivable? (Do not round intermediate calculations...
please be clear Kyoto Joe, Inc., sells earnings forecasts for Japanese securities. Its credit terms are...
please be clear
Kyoto Joe, Inc., sells earnings forecasts for Japanese securities. Its credit terms are 2/20, net 40. Based on experience, 65 percent of all customers will take the discount. a. What is the average collection period for the company? (Use 365 days a year. Do not round Intermediate calculations and round your answer to 2 decelmal places, e.g., 32.16.) b. If the company sells 1,520 forecasts every month at a price of $1,300 each, what is its average...
Kyoto Joe, Inc., sells earnings forecasts for Japanese securities. Its credit terms are 2/25, net 45....
Kyoto Joe, Inc., sells earnings forecasts for Japanese securities. Its credit terms are 2/25, net 45. Based on experience, 70 percent of all customers will take the discount. a. What is the average collection period for the company? (Use 365 days a year. Do not round intermediate calculations and round your answer to 2 deceimal places, e.g., 32.16.) b. If the company sells 1,590 forecasts every month at a price of $1,370 each, what is its average balance sheet...
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.
The Malibu Corporation has annual credit sales of $36 million. The average collection period is 38...
The Malibu Corporation has annual credit sales of $36 million. The average collection period is 38 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.
McEwan Industries sells on terms of 3/10, net 30. Total sales for the year are $1,976,500;...
McEwan Industries sells on terms of 3/10, net 30. Total sales for the year are $1,976,500; 40% of the customers pay on the 10th day and take discounts, while the other 60% pay, on average, 86 days after their purchases. Assume 365 days in year for your calculations. A. What is the average amount of receivables? Round your answer to the nearest cent. Do not round intermediate calculations. $ B. What is the percentage cost of trade credit to customers...
McEwan Industries sells on terms of 3/10, net 30. Total sales for the year are $980,000;...
McEwan Industries sells on terms of 3/10, net 30. Total sales for the year are $980,000; 40% of the customers pay on the 10th day and take discounts, while the other 60% pay, on average, 86 days after their purchases. Assume 365 days in year for your calculations. What is the days sales outstanding? Round your answer to two decimal places. days What is the average amount of receivables? Round your answer to the nearest cent. Do not round intermediate...
Kyoto Joe, Inc., sells earnings forecasts for Japanese securities. Its credit terms are 2/15, net 90. Based on experience, 80 percent of all customers will take the discount. a. What is the average collection period for the company? (Use 365 days a year. Do not round intermediate calculations.) b. If the company sells 1,240 forecasts every month at a price of $1,850 each, what is its average balance sheet amount in accounts receivable? (Use 365 days a year. Do not...
Miyagi Data, Inc., sells earnings forecasts for Japanese securities. Its credit terms are 1/20. net 40. Based on experience, 80 percent of all customers will take the discount. a. What is the average collection period? (Do not round intermediate calculations and round your answer to 2 decimal places, 32.16.) b. If the company sells 1,290 forecasts every month at a price of $2,390 each, what is its average daily balance sheet amount in accounts receivable? (Do not round intermediate calculations...
please be clear
Kyoto Joe, Inc., sells earnings forecasts for Japanese securities. Its credit terms are 2/20, net 40. Based on experience, 65 percent of all customers will take the discount. a. What is the average collection period for the company? (Use 365 days a year. Do not round Intermediate calculations and round your answer to 2 decelmal places, e.g., 32.16.) b. If the company sells 1,520 forecasts every month at a price of $1,300 each, what is its average...
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.
The Malibu Corporation has annual credit sales of $36 million. The average collection period is 38 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.
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