Solved: Average investment in accounts receivables, Finance Basics

+44 141 628 6080
[email protected]

Average investment in accounts receivables

The Tate Corporation has annual sales of $47 million. The average collection period is 36 days. What is the average investment in accounts receivables as shown on the balance sheet?

A. $4,730,520

B. $4,635,616

C. $4,835,400

D. $4,563,116

E. $4,653,616

Solution Preview :

Prepared by a verified Expert

Finance Basics: Average investment in accounts receivables

Reference No:- TGS0679995

Now Priced at $5 (50% Discount)

Recommended (93%)

Rated (4.5/5)

Have a Question? (oR Write a Review)

Write atleast 100 words!!

Recent Questions Asked Finance Basics

Q : What is the complete disclosure of these events

A company's income statement disclosed $45,000 of investment revenue on equity method investments. The company did not purchase or dispose of any such investments during the year.

Q : How much gift card revenue associated with the august

In Lizzie Shoes' experience, gift cards that have not been redeemed within 12 months are not likely to be redeemed. Lizzie Shoes sold gift cards for $18,750 during August of 2013.

Q : Determine company-s net cash flow for negative net income

The company's net cash flow (NCF) for 2007 was $150,000. On the basis of this information, which of the following statements is CORRECT?

Q : Disadvantages of payback period-npv and irr

Discuss the advantages and disadvantages of payback period, NPV, and IRR. If you are a project manager, which capital budgeting method (payback period or NPV or IRR) you would use to make your investment decision?

Q : Average investment in accounts receivables

The Tate Corporation has annual sales of $47 million. The average collection period is 36 days. What is the average investment in accounts receivables as shown on the balance sheet?

Q : Depreciation is computed by the straight-line method

Salvage value is expected to be zero at the end of each project. Depreciation is computed by the straight-line method. The company's minimum rate of return is the company's cost of capital which is 12%

Q : Describe the features in the new model

Hightech manufactures color printers. It is in the process of planning the production and design of Model CX-700, one of its popular-selling models. The breakdown of the cost for producing Model CX-700 and the value index computed for this last pe

Q : What is the total amount of stockholders equity

Assume that all of the 20,000 shares of stock that was issued as of December 31, 2014, was issued for $43 per share. On march 1, 2015, the company reaquires 4,000 shares of its common stock for $50 per share.

Q : What is the estimate of firm-s stock price

You feel that an appropriate EV/EBITDA ratio for CSH is 9. CSH has $10 million in debt, $2 million in cash, and 800,000 shares outstanding. What is your estimate of CSH's stock price?

1959220

Questions
Asked

3,689

Active Tutors

1421559

Questions
Answered

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

ask Question

Solution Preview :

Prepared by a verified Expert

Finance Basics: Average investment in accounts receivables

Reference No:- TGS0679995

Have a Question? (oR Write a Review)

Recent Questions Asked Finance Basics

Q : What is the complete disclosure of these events

Q : How much gift card revenue associated with the august

Q : Determine company-s net cash flow for negative net income

Q : Disadvantages of payback period-npv and irr

Q : Average investment in accounts receivables

Q : Depreciation is computed by the straight-line method

Q : Describe the features in the new model

Q : What is the total amount of stockholders equity

Q : What is the estimate of firm-s stock price

Providing care that respects others spiritual and religious

Summarize the most salient points of andrew sloane

How everyones life is deemed valuable to god

What is it about tendency to individualize christian faith

Illustrate what corduan says about witnessing to buddhists

Can religion offer a good answer to the question

Explain ropkes thought

Solution Preview :

Prepared by a verified Expert

Finance Basics: Average investment in accounts receivables

Reference No:- TGS0679995

Recent Questions Asked Finance Basics

Q : What is the complete disclosure of these events

Q : How much gift card revenue associated with the august

Q : Determine company-s net cash flow for negative net income

Q : Disadvantages of payback period-npv and irr

Q : Average investment in accounts receivables

Q : Depreciation is computed by the straight-line method

Q : Describe the features in the new model

Q : What is the total amount of stockholders equity

Q : What is the estimate of firm-s stock price

Asked Questions