Average amount ofreceivables, Finance Basics

+44 141 628 6080
[email protected]

Average amount ofreceivables

McDowell Industries sells on terms of 3/10, net 30. Total sales for the year are $912,500;40% of the customers pay on the10th day and take discounts, while the other 60% pay, on average, 40 days after their purchases.

a. What is the day's saleoutstanding?

b. What is the average amount ofreceivables?

Request for Solution File

Ask an Expert for Answer!!

Finance Basics: Average amount ofreceivables

Reference No:- TGS046707

Expected delivery within 24 Hours

Have a Question? (oR Write a Review)

Write atleast 100 words!!

Recent Questions Asked Finance Basics

Q : Pretax cost of debt-after-tax cost of debt

Assume that Dell issued 30-year bonds, 8% coupon rate, semiannual, 7 years ago. The bond currently sells for 108% of face value. The company's tax rate is 35%.

Q : Explain is distribution of utility efficient

Suppose resources in the economy are distributed so that Amanda has a utility level of 64 units and Britney has utility level of 50 units. Is this distribution of utility (Pareto Optimal) efficient? If not, why?

Q : Absorption costing as inventory absorbs more fixed costs

With the use of absorption costing as inventory absorbs more fixed costs, does reported income tends to increase, decrease, remain the same, or become highly volatile?

Q : What is monthly payment for the month financing period

You are considering a financing option with a bank. If the bank charges 1.9% annual interest rate compounded daily, what would be your monthly payment for the 48-month financing period?

Q : Average amount ofreceivables

Q : What is the significance of the division field

What is the significance of the division field? If you found that most of the past due accounts were related to a certain division, would it make a difference in your audit approach?

Q : Computing the sustainable rate of growth

Smith Corp has 4.5 percent profit margin and a 15 percent dividend payout ratio. The asset turnover ratio is 1.6 and the assets-to-equity ratio (using beginning-of-period equity) is 1.77. What is the sustainable rate of growth?

Q : What atm fee should the bank charge

To determine whether to raise price , the bank managers experimented with a number of higher prices. What ATM fee should the bank charge?

Q : Economic value added of us division

Bella Vista's U.S. Division reported sales of $300,000; before-tax operating income of $25,500; and net assets of $140,000. Its tax rate is 20% and its weighted average cost of capital is 10%. The economic value added of the U.S. Division is:

1933158

Questions
Asked

3,689

Active Tutors

1431521

Questions
Answered

Start Excelling in your courses, Ask a tutor for help and get answers for your problems !!

ask Question

Request for Solution File

Ask an Expert for Answer!!

Finance Basics: Average amount ofreceivables

Reference No:- TGS046707

Have a Question? (oR Write a Review)

Recent Questions Asked Finance Basics

Q : Pretax cost of debt-after-tax cost of debt

Q : Explain is distribution of utility efficient

Q : Absorption costing as inventory absorbs more fixed costs

Q : What is monthly payment for the month financing period

Q : Average amount ofreceivables

Q : What is the significance of the division field

Q : Computing the sustainable rate of growth

Q : What atm fee should the bank charge

Q : Economic value added of us division

Discuss social worker working with foster children

Is early food experiences can impact development

Describe some of your personality traits

Discussion about gender stereotyping

How we perceive objects in the real world

Identify one antecedent, one behaviour, and one consequence

Discuss children diagnosed with developmental disabilities

Request for Solution File

Ask an Expert for Answer!!

Finance Basics: Average amount ofreceivables

Reference No:- TGS046707

Recent Questions Asked Finance Basics

Q : Pretax cost of debt-after-tax cost of debt

Q : Explain is distribution of utility efficient

Q : Absorption costing as inventory absorbs more fixed costs

Q : What is monthly payment for the month financing period

Q : Average amount ofreceivables

Q : What is the significance of the division field

Q : Computing the sustainable rate of growth

Q : What atm fee should the bank charge

Q : Economic value added of us division

Asked Questions