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Initiating a cash discount Gardner Company currently makes all sales on credit and offers no cash discount. The firm is...
Relaxation of credit standards Lewis Enterprises is considering relaxing its credit standards to increase its currently...
Relaxation of credit standards Lewis Enterprises is considering relaxing its credit standards to increase its currently sagging sales. As a result of the proposed relaxation, sales are expected to increase by 10% from 15,000 to 16,500 units during the coming year, the average collection period is expected to increase from 50 to 70 days; and bad debts are expected to increase from 2.5% to 4.5% of sales. The sale price per unit is $35, and the variable cost per unit...
Question Help Accounts receivable changes without bad debts Tara's Textiles currently has credit sales of $363...
Question Help Accounts receivable changes without bad debts Tara's Textiles currently has credit sales of $363 million per year and an average collection period of 59 days Assume that the price of Tara's products is 560 per unit and that the variable costs are $55 per unit. The firm is considering an accounts receivable change that will result in a 20.3% increase in sales and a 19 2% increase in the average collection period No change in bad debts is...
Forrester Fashions has annual credit sales of 250,000 units with an average collection period of 70...
Forrester Fashions has annual credit sales of 250,000 units with an average collection period of 70 days. The company has a per-unit variable cost of $20 and a per-unit sale price of $30.00. Bad debts currently are 5% of sales. The firm estimates that a proposed relaxation of credit standards would not affect its 70-day average collection period but would increase bad debts to 7.50% of sales. which would increase to 300,000 units per year. Forrester requires a 12% return...
Shortening the credit period A firm is contemplating shortening its credit period from 40 to 30...
Shortening the credit period A firm is contemplating shortening its credit period from 40 to 30 days and believes that, as a result of this change, its average collection period will decline from 45 to 36 days. Bad-debt expenses are expected to decrease from 1.5% to 1.0% of sales. The firm is currently selling 12,000 units but believes that as a result of the proposed change, sales will decline to 10,000 units. The sale price per unit is $56, and...
A firm is contemplating shortening its credit period from 40 to 30 days and believes that,...
A firm is contemplating shortening its credit period from 40 to 30 days and believes that, as result of this change, its average collection period will decline from 45 to 36 days. Bad-debt expenses are expected to decrease from 1.5% to 1% of sales. The firm is currently selling 12,000 units but believes that as result of the proposed change, sales will decline to 10,000 units. The sale price per unit is $56, and the variable cost per unit is...
Relaxation of credit standards Lewis Enterprises is considering relaxing its credit standards to increase its currently...
Relaxation of credit standards Lewis Enterprises is considering relaxing its credit standards to increase its currently sagging sales. As a result of the proposed relaxation, sales are expected to increase by 20% from 10,000 to 12,000 units during the coming year, the average collection period is expected to increase from 35 to 55 days, and bad debts are expected to increase from 1.5% to 3.5% of sales. The sale price per unit is $44, and the variable cost per unit...
Shortening the credit period A firm is contemplating shortening its credit period from 30 to 20...
Shortening the credit period A firm is contemplating shortening its credit period from 30 to 20 days and believes that, as a result of this change, its average collection period will decline from 34 to 25 days. Bad-debt expenses are expected to decrease from 1.7% to 1.1% of sales. The firm is currently selling 12,400 units but believes that as a result of the proposed change, sales will decline to 10,300 units. The sale price per unit is S54, and...
Dome Metals has credit sales of $378,000 yearly with credit terms of net 60 days, which...
Dome Metals has credit sales of $378,000 yearly with credit terms of net 60 days, which is also the average collection period. Dome does not offer a discount for early payment, so its customers take the full 60 days to pay . a. What is the average receivables balance? (Use a 360-day year.) AVERAGE RECIEBLES BALANCE b. What is the receivables turnover? ? (Use a 360-day year.) RECIEVABLES TURNOVER Dome Metals has credit sales of $126,000 yearly. If Dome offers...
vable changes without bad debts Tara's Textiles currently has credit sales of $361 million per year...
vable changes without bad debts Tara's Textiles currently has credit sales of $361 million per year and an average collection period of 60 days. Assume that the price of Tara's products is $59 per unit and that the variable costs are $54 per unit. The firm is considering an accounts receivable change that will result in a 20.6 % increase in sales and a 19.6 % increase in the average collection period. No change in bad debts is expected. The...
Relaxation of credit standards Lewis Enterprises is considering relaxing its credit standards to increase its currently sagging sales. As a result of the proposed relaxation, sales are expected to increase by 10% from 15,000 to 16,500 units during the coming year, the average collection period is expected to increase from 50 to 70 days; and bad debts are expected to increase from 2.5% to 4.5% of sales. The sale price per unit is $35, and the variable cost per unit...
Question Help Accounts receivable changes without bad debts Tara's Textiles currently has credit sales of $363 million per year and an average collection period of 59 days Assume that the price of Tara's products is 560 per unit and that the variable costs are $55 per unit. The firm is considering an accounts receivable change that will result in a 20.3% increase in sales and a 19 2% increase in the average collection period No change in bad debts is...
Forrester Fashions has annual credit sales of 250,000 units with an average collection period of 70 days. The company has a per-unit variable cost of $20 and a per-unit sale price of $30.00. Bad debts currently are 5% of sales. The firm estimates that a proposed relaxation of credit standards would not affect its 70-day average collection period but would increase bad debts to 7.50% of sales. which would increase to 300,000 units per year. Forrester requires a 12% return...
Shortening the credit period A firm is contemplating shortening its credit period from 40 to 30 days and believes that, as a result of this change, its average collection period will decline from 45 to 36 days. Bad-debt expenses are expected to decrease from 1.5% to 1.0% of sales. The firm is currently selling 12,000 units but believes that as a result of the proposed change, sales will decline to 10,000 units. The sale price per unit is $56, and...
Relaxation of credit standards Lewis Enterprises is considering relaxing its credit standards to increase its currently sagging sales. As a result of the proposed relaxation, sales are expected to increase by 20% from 10,000 to 12,000 units during the coming year, the average collection period is expected to increase from 35 to 55 days, and bad debts are expected to increase from 1.5% to 3.5% of sales. The sale price per unit is $44, and the variable cost per unit...
Shortening the credit period A firm is contemplating shortening its credit period from 30 to 20 days and believes that, as a result of this change, its average collection period will decline from 34 to 25 days. Bad-debt expenses are expected to decrease from 1.7% to 1.1% of sales. The firm is currently selling 12,400 units but believes that as a result of the proposed change, sales will decline to 10,300 units. The sale price per unit is S54, and...
vable changes without bad debts Tara's Textiles currently has credit sales of $361 million per year and an average collection period of 60 days. Assume that the price of Tara's products is $59 per unit and that the variable costs are $54 per unit. The firm is considering an accounts receivable change that will result in a 20.6 % increase in sales and a 19.6 % increase in the average collection period. No change in bad debts is expected. The...
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