Dieppe Inc. has an average collection period of 33 days. Its average daily investment in receivables is

Question:

Dieppe Inc. has an average collection period of 33 days. Its average daily investment in receivables is $42,300. What are annual credit sales? What is the receivables turnover? Assume 365 days per year.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Fundamentals of Corporate Finance

ISBN: 978-0071051606

8th Canadian Edition

Authors: Stephen A. Ross, Randolph W. Westerfield

See More Books

Question Posted: Jun 26, 2019 09:36 AM

See More Questions

The Thaddee Corporation sells on credit terms of net 30. Its accounts are, on average, 7 days past due. If annual credit sales are $9.3 million, what is the companys balance sheet amount in accounts...
The Berry Corporation is considering a change in its cash-only policy. The new terms would be net one period. Based on the following information, determine if Berry should proceed or not. The...
The post-closing trial balance of Fortaleza SA at December 31, 2020, contains the following equity accounts. Share CapitalPreference (15,000 shares issued) ..............................R$ 750,000...
Lets assume you have been offered a job by Jekyll Corporation, a company in the consumer products industry. The job is in your chosen career path. Jekyll Corporation has offered you a position that...
Identify two characteristics of estimated liabilities. Provide at least two examples of estimated liabilities.
At the beginning of the current tennis season, on April 1, 2024, Kicked-Back Tennis Shops inventory consisted of 50 tennis racquets at a cost of $40 each. Kicked-Back uses a perpetual inventory...
Chinas middle class is about 300 million strong and is growing. How is this important for Alibabas success? How can the company take full advantage of this demographic phenomenon? Appendix
Figure is an idealized schematic drawing of a rail gun. Projectile P sits between two wide rails of circular cross section; a source of current sends current through the rails and through the...
(Preferred stock expected return ) You are planning to purchase 200 shares of preferred stock and must choose between Stock A and Stock B. Stock A pays an annual dividend of $ 5.25 and is currently...
Stan Statelys weekly gross earnings for the present week were $2,400. Stately has two exemptions. Using the wage bracket withholding table in Exhibit 2 with a $81 standard withholding allowance for...
Melanson Inc. has weekly credit sales of $17,300, and the average collection period is 36 days. What is the average accounts receivable figure?
Barn Yard Inc. is a wholesaler that stocks engine components and tests equipment for the commercial aircraft industry. A new customer has placed an order for eight high-bypass turbine engines, which...
Hedging Strategies If a firm is buying call options on pork belly futures as a hedging strategy, what must be true about the firms exposure to pork belly prices?
6. What is meant by histogram equalization? 7. Differentiate linear spatial filter and non-linear spatial filter. 8. Give the mask used for high boost filtering. 9. What is meant by a laplacian...
11. What do you mean by Point processing? 12. Define Derivative filter? 13. Define spatial filtering 14. What is a Median filter? 15. What is maximum filter and minimum filter? 16. Write the...
21. How a degradation process is modeled? 22.Give the homogenity property in Linear Operator 23. Give the relation for degradation model for continuous function 24.which is called the superposition...
28. Define Gray-level interpolation 29. What is meant by Noise probability density function? 30. Why the restoration is called as unconstrained restoration? 31. Which is the most frequent method to...
34. Give the relation for guassian noise 35. Give the relation for rayleigh noise 36. Give the relation for Gamma noise 37. Give the relation for Exponential noise 38. Give the relation for Uniform...
In Problem round each expression to the nearest integer without using a calculator. 8 0.002
What is the amount of total interest dollars earned on a $5,000 deposit earning 6% for 20 years?
Assume that the following market model adequately describes the return generating behavior of risky assets: Rit = i + iRMt + it Here: Rit = The return on the ith asset at Time t. RMt = The return on...
In the previous problem, suppose you wanted the option to sell the land to the buyer in one year. Assuming all the facts are the same, describe the transaction that would occur today. What is the...
Suppose the rate of inflation in the European Union will run about 3 percent higher than the Canadian inflation rate over the next several years. All other things being the same, what will happen to...
During 2024, its first year of operations, Hollis Industries recorded sales of $11,900,000 and experienced returns of $760,000. Cost of goods sold totaled $7,140,000 (60% of sales). The company...
What is the value of a 15% coupon bond with 11% return? Is it a discount or a premium bond?
A manufacturer with a December 31 taxation year end sells new machinery for $50,000 on January 2, 2022. The cost of the machinery is $20,000. The terms of the sale require an initial payment of...

Dieppe Inc. has an average collection period of 33 days. Its average daily investment in receivables is

Question:

Step by Step Answer:

The receivables turnover is Receivables turnover 365Average c...View the full answer

Fundamentals of Corporate Finance

Students also viewed these Business questions