Krackle Korn Inc. had credit sales of $3,500,000 last year and its days sales outstanding was...
Homework Answers
Credit sales = $3,500,000
DSO = 35 days
Average receivable balance = Credit sales x DSO / 365
= 3,500,000 x 35 / 365
= 335,616.44
Add Answer to:
Krackle Korn Inc. had credit sales of $3,500,000 last year and its days sales outstanding was...
39. Dyl Pickle Inc. had credit sales of $3,500,000 last year and its days sales outstanding...
39. Dyl Pickle Inc. had credit sales of $3,500,000 last year and its days sales outstanding was DSO = 45 days. What was its average receivables balance, based on a 365-day year?
Dyl Pickle Inc. had credit sales of $4,000,000 last year and its days sales outstanding was...
Dyl Pickle Inc. had credit sales of $4,000,000 last year and its days sales outstanding was DSO = 35 days. What was its average receivables balance, based on a 365-day year. a. $441,096 b. $318,356 c. $383,562 d. $471,781 e. $368,219
Ingraham Inc, currently has $885,000 in accounts receivable, and its days sales outstanding (DSO) is 65 days
DSO AND ACCOUNTS RECEIVABLE Ingraham Inc, currently has $885,000 in accounts receivable, and its days sales outstanding (DSO) is 65 days. It wants to reduce its DSO to 35 days by pressuring more of its customers to pay their bills on time. If this policy is adopted, the company's average sales will fall by 15%. What will be the level of accounts receivable following the change? Assume a 365-day year. Do not round intermediate calculations. Round your answer to the nearest...
9. Days sales outstanding Thatherton Fuels's CFO has decided to take a closer look at the...
9. Days sales outstanding Thatherton Fuels's CFO has decided to take a closer look at the company's credit policy. Thatherton Fuels has annual sales of $396.3 million, and it currently has an accounts receivable balance of $45.4 million. The first step in analyzing the firm's credit policy is to determine its days sales outstanding (DSO). Based on this information, what is Thatherton Fuels's DSO? (Use 365 days as the length of a year in all calculations.) 37.6 days 33.4 days...
DSO and Accounts Receivable Harrelson Inc. currently has $765,000 in accounts receivable, and its days sales...
DSO and Accounts Receivable Harrelson Inc. currently has $765,000 in accounts receivable, and its days sales outstanding (DSO) is 53 days. It wants to reduce its DSO to 35 days by pressuring more of its customers to pay their bills on time. If this policy is adopted, the company's average sales will fall by 20%, what will be the level of accounts receivable following the change? Assume a 365-day year. Round your answer to the nearest cent.
Ingraham Inc. currently has $800,000 in accounts receivable, and its days sales outstanding (DSO) is 65...
Ingraham Inc. currently has $800,000 in accounts receivable, and its days sales outstanding (DSO) is 65 days. It wants to reduce its DSO to 30 days by pressuring more of its customers to pay their bills on time. If this policy is adopted, the company's average sales will fall by 25%. What will be the level of accounts receivable following the change? Assume a 365-day year. Do not round intermediate calculations. Round your answer to the nearest cent.
DSO AND ACCOUNTS RECEIVABLE Ingraham Inc. currently has $410,000 in accounts receivable, and its days sales...
DSO AND ACCOUNTS RECEIVABLE Ingraham Inc. currently has $410,000 in accounts receivable, and its days sales outstanding (DSO) is 48 days. It wants to reduce its DSO to 35 days by pressuring more of its customers to pay their bills on time. If this policy is adopted, the company's average sales will fall by 5%. What will be the level of accounts receivable following the change? Assume a 365-day year. Do not round intermediate calculations. Round your answer to the...
DSO AND ACCOUNTS RECEIVABLE Ingraham Inc. currently has $810,000 in accounts receivable, and its days sales...
DSO AND ACCOUNTS RECEIVABLE Ingraham Inc. currently has $810,000 in accounts receivable, and its days sales outstanding (DSO) is 75 days. It wants to reduce its DSO to 30 days by pressuring more of its customers to pay their bills on time. If this policy is adopted, the company's average sales will fall by 10%. What will be the level of accounts receivable following the change? Assume a 365-day year. Do not round intermediate calculations. Round your answer to the...
Data on Nathan Enterprises for the most recent year are shown below, along with the days...
Data on Nathan Enterprises for the most recent year are shown below, along with the days sales outstanding of the firms against which it benchmarks. The firm's new CFO believes that the company could reduce its receivables enough to reduce its DSO to the benchmarks' average. If this were done, by how much would receivables decline? Use a 365-day year. Sales $110,000 Accounts receivable $16,000 Days sales outstanding (DSO) 53.09 Benchmark days sales outstanding (DSO) 20.00
Drop-down options: (collection policy, terms of credit, credit standards), (29.8 days, 32.0 days, 42.6 days, 36.2...
Drop-down options: (collection policy, terms of credit, credit
standards), (29.8 days, 32.0 days, 42.6 days, 36.2 days),
($58,370,082, $55,590,554, $47,251,971, $61,149,609)
8. Accounts receivable Effective credit management involves establishing credit standards for extending credit to customers, determining the company's terms of credit, and setting up procedures for invoicing and collecting past-due accounts. The following statement refers to a credit management policy. Select the best term to complete the sentence. The minimum financial strength a customer must have to be granted...
39. Dyl Pickle Inc. had credit sales of $3,500,000 last year and its days sales outstanding was DSO = 45 days. What was its average receivables balance, based on a 365-day year?
9. Days sales outstanding Thatherton Fuels's CFO has decided to take a closer look at the company's credit policy. Thatherton Fuels has annual sales of $396.3 million, and it currently has an accounts receivable balance of $45.4 million. The first step in analyzing the firm's credit policy is to determine its days sales outstanding (DSO). Based on this information, what is Thatherton Fuels's DSO? (Use 365 days as the length of a year in all calculations.) 37.6 days 33.4 days...
DSO and Accounts Receivable Harrelson Inc. currently has $765,000 in accounts receivable, and its days sales outstanding (DSO) is 53 days. It wants to reduce its DSO to 35 days by pressuring more of its customers to pay their bills on time. If this policy is adopted, the company's average sales will fall by 20%, what will be the level of accounts receivable following the change? Assume a 365-day year. Round your answer to the nearest cent.
DSO AND ACCOUNTS RECEIVABLE Ingraham Inc. currently has $410,000 in accounts receivable, and its days sales outstanding (DSO) is 48 days. It wants to reduce its DSO to 35 days by pressuring more of its customers to pay their bills on time. If this policy is adopted, the company's average sales will fall by 5%. What will be the level of accounts receivable following the change? Assume a 365-day year. Do not round intermediate calculations. Round your answer to the...
DSO AND ACCOUNTS RECEIVABLE Ingraham Inc. currently has $810,000 in accounts receivable, and its days sales outstanding (DSO) is 75 days. It wants to reduce its DSO to 30 days by pressuring more of its customers to pay their bills on time. If this policy is adopted, the company's average sales will fall by 10%. What will be the level of accounts receivable following the change? Assume a 365-day year. Do not round intermediate calculations. Round your answer to the...
Drop-down options: (collection policy, terms of credit, credit
standards), (29.8 days, 32.0 days, 42.6 days, 36.2 days),
($58,370,082, $55,590,554, $47,251,971, $61,149,609)
8. Accounts receivable Effective credit management involves establishing credit standards for extending credit to customers, determining the company's terms of credit, and setting up procedures for invoicing and collecting past-due accounts. The following statement refers to a credit management policy. Select the best term to complete the sentence. The minimum financial strength a customer must have to be granted...
Most questions answered within 3 hours.
-
Is Goldicks negligent conduct committed within the
scope of his employment for Lapp Roofing liable
asked 2 minutes ago -
What are the effects of IMC-based PID controller and
Zeigler-Nicholas parameters on the specifications of a...
asked 7 minutes ago -
1. Explain the tem (10) Key Success Factors in Contemporary
Selling
asked 20 minutes ago -
It's absolutely linked, the effectiveness of the CP Coordinator
and the success of the business impact...
asked 29 minutes ago -
where does leadership reside in belief theory
asked 29 minutes ago -
Jane wants to purchase a bond with a face value of $8,595 and a
bond rate...
asked 31 minutes ago -
A bolt manufacturer wants to investigate the machine that
produces bolts with a diameter of 0.28...
asked 33 minutes ago -
DP Gumby produces sleeveless sweaters. He can separate the
demand function into a domestic component: QD=...
asked 56 minutes ago -
6) Weak acids are not very soluble in water. A). TRUE B).
FALSE
The answer says...
asked 1 hour ago -
Lab #2 Address Book Unsorted List (C++)
Using classes, design an online address book to keep...
asked 1 hour ago -
Tucson Machinery, Inc., manufactures numerically controlled
machines, which sell for an average price of $0.5 million...
asked 1 hour ago -
Review the referenced paper by Melse (2008). Describe the
research question being addressed. Discuss the methods...
asked 1 hour ago