Determining the investment in accounts receivable, Finance Basics

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Determining the investment in accounts receivable

Average Investment in Accounts Receivable. The cost of product X is 30 percent of its selling price, and the carrying cost is 8 percent of selling price. Accounts are paid on average 60 days after sale. Sales per month average $25,000. What is the investment in accounts receivable?

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Finance Basics: Determining the investment in accounts receivable

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Finance Basics: Determining the investment in accounts receivable

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Have a Question? (oR Write a Review)

Recent Questions Asked Finance Basics

Q : Calculate the selling price of the bonds

Q : Prove eoq occur at point-carrying-restocking costs are equal

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Q : Determining the investment in accounts receivable

Q : Which is better measure of performance nopat or net income

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Request for Solution File

Ask an Expert for Answer!!

Finance Basics: Determining the investment in accounts receivable

Reference No:- TGS0557582

Recent Questions Asked Finance Basics

Q : Calculate the selling price of the bonds

Q : Prove eoq occur at point-carrying-restocking costs are equal

Q : Question regarding the dividing of region

Q : Why does a company perform ratio analysis

Q : Determining the investment in accounts receivable

Q : Which is better measure of performance nopat or net income

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Q : Find dividend payout ratio if dividends paid to stockholders

Q : What is the value of the inventory at july 15 after the sale

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