Find average amount of accounts receivable outstanding
If Winkler, Inc., has sales of $2 million per year (all credit) and an average collection period of 35 days, what is its average amount of accounts receivable outstanding (assume a 360 day year)?
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An average collection period of 35 days, what is its average amount of accounts receivable outstanding (assume a 360 day year)?
If Boyd Corporation has sales of $2 million per year (all credit) and days sales outstanding of 35 days, what is its average amount of accounts receivable outstanding (assume a 360 day year)?
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Variable costs are 55 percent of sales, depreciation on the equipment to produce the new board will be $1,350,000 per year, and fixed costs are $1,250,000 per year. If the tax rate is 38 percent, what is the annual OCF for the project?
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