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Calculate next year-s ending receivables balance

A firm is planning to lower its ACP by ten days next year. Receivables are currently $15M on credit sales of $120M Credit sales are expected to grow by 20% next year. Calculate next year's ending receivables balance (make calculations using ending balances and a 360 day year).

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Finance Basics: Calculate next year-s ending receivables balance

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Solution Preview :

Prepared by a verified Expert

Finance Basics: Calculate next year-s ending receivables balance

Reference No:- TGS0559024

Have a Question? (oR Write a Review)

Recent Questions Asked Finance Basics

Q : Why subjective judgment is often used for projects

Q : Explain the carrying value of the outstanding carlin

Q : Is it important to consider additions to net working capital

Q : After-tax cash flows for the project

Q : Calculate next year-s ending receivables balance

Q : Detect some type of fraud or defalcation

Q : Prepare a sales journal entry based on the information

Q : Amount of money in a savings account

Q : Question regarding return on assets

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Solution Preview :

Prepared by a verified Expert

Finance Basics: Calculate next year-s ending receivables balance

Reference No:- TGS0559024

Recent Questions Asked Finance Basics

Q : Why subjective judgment is often used for projects

Q : Explain the carrying value of the outstanding carlin

Q : Is it important to consider additions to net working capital

Q : After-tax cash flows for the project

Q : Calculate next year-s ending receivables balance

Q : Detect some type of fraud or defalcation

Q : Prepare a sales journal entry based on the information

Q : Amount of money in a savings account

Q : Question regarding return on assets

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