If Microcharges customers take on average 60 days to pay their bills, what is its receivables turnover?
Question:
If Microcharge’s customers take on average 60 days to pay their bills, what is its receivables turnover?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 84% (13 reviews)
Average collection period Asset turnover Annual sale...View the full answer
Answered By
Ashington Waweru
I am a lecturer, research writer and also a qualified financial analyst and accountant. I am qualified and articulate in many disciplines including English, Accounting, Finance, Quantitative spreadsheet analysis, Economics, and Statistics. I am an expert with sixteen years of experience in online industry-related work. I have a master's in business administration and a bachelor’s degree in education, accounting, and economics options.
I am a writer and proofreading expert with sixteen years of experience in online writing, proofreading, and text editing. I have vast knowledge and experience in writing techniques and styles such as APA, ASA, MLA, Chicago, Turabian, IEEE, and many others.
I am also an online blogger and research writer with sixteen years of writing and proofreading articles and reports. I have written many scripts and articles for blogs, and I also specialize in search engine
I have sixteen years of experience in Excel data entry, Excel data analysis, R-studio quantitative analysis, SPSS quantitative analysis, research writing, and proofreading articles and reports. I will deliver the highest quality online and offline Excel, R, SPSS, and other spreadsheet solutions within your operational deadlines. I have also compiled many original Excel quantitative and text spreadsheets which solve client’s problems in my research writing career.
I have extensive enterprise resource planning accounting, financial modeling, financial reporting, and company analysis: customer relationship management, enterprise resource planning, financial accounting projects, and corporate finance.
I am articulate in psychology, engineering, nursing, counseling, project management, accounting, finance, quantitative spreadsheet analysis, statistical and economic analysis, among many other industry fields and academic disciplines. I work to solve problems and provide accurate and credible solutions and research reports in all industries in the global economy.
I have taught and conducted masters and Ph.D. thesis research for specialists in Quantitative finance, Financial Accounting, Actuarial science, Macroeconomics, Microeconomics, Risk Management, Managerial Economics, Engineering Economics, Financial economics, Taxation and many other disciplines including water engineering, psychology, e-commerce, mechanical engineering, leadership and many others.
I have developed many courses on online websites like Teachable and Thinkific. I also developed an accounting reporting automation software project for Utafiti sacco located at ILRI Uthiru Kenya when I was working there in year 2001.
I am a mature, self-motivated worker who delivers high-quality, on-time reports which solve client’s problems accurately.
I have written many academic and professional industry research papers and tutored many clients from college to university undergraduate, master's and Ph.D. students, and corporate professionals. I anticipate your hiring me.
I know I will deliver the highest quality work you will find anywhere to award me your project work. Please note that I am looking for a long-term work relationship with you. I look forward to you delivering the best service to you.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Principles of Corporate Finance
ISBN: 978-1260013900
13th edition
Authors: Richard Brealey, Stewart Myers, Franklin Allen
Question Posted:
Students also viewed these Business questions
-
The finance director of Stenigot is concerned about the lax management of the company's trade receivables. Stenigot's trade terms require settlement within 30 days, but its customers take an average...
-
As manager of Fly-by-Night Airlines, you decide to allow customers 90 days to pay their bills. To encourage early payment, though, you allow them to reduce their bills by 1.5% if paid within the...
-
Charmin Paper Company sells to the 12 accounts listed next. Capital Financial Corporation will lend 90 percent against account balances that have averaged 30 days or less; 80 percent for account...
-
If you were the lead analyst for LGM, how would you determine the requirements? Be specific in your answer. List several questions you need answered. Artif. Intell. Med., 56 (3) pp. 137-156, Link:...
-
Suppose the value of a certain building depreciates at a rate of 6% per year. When new, the building was worth $36,500. a. How much is the building worth after 5 years and 3 months? b. To the nearest...
-
List the three elements of promissory estoppel.
-
Behave ethically in a project environment
-
(Postretirement Benefit Expense Computation) Engle hart Co. provides the following information about its postretirement benefit plan for the year 2010. Compute the postretirement benefit expense...
-
The company is J.M Smucker Company (SJM) Complete a final business memo that consists of the following: 1. Corporate-Level Strategy (Identify the SCA: Source of Competitive Advantage or Sustainable...
-
The chief financial officer for Eagles Beach Wear and Gift Shop is planning for the companys cash flows for the next six months. The following table summarizes the expected accounts receivables and...
-
a. If a firms assets of $10,000 represent 200 days sales, what is its annual sales? b. What is its asset turnover ratio?
-
Table 29.11 shows Dynamic Mattress?s year-end 2016 balance sheet, and Table 29.12 shows its income statement for 2017. Work out the statement of cash flows for 2017. Group these items into sources of...
-
You have eight machines operating independently. The mean production rate for each machine is 20.3 tons/day, and the standard deviation is 1.4 tons/day. Approximately how much uncertainty is there in...
-
St. Cecilia's Health System's current culture may be defined by a blend of historical ideals and problems. Given its history of primarily caring for women and children, it is likely to place a...
-
For this assignment, imagine we are the supervisor of case managers who come to us for support and guidance. You have noticed a theme of questions that are frequently asked, which mostly surround...
-
Audio Partners needs to invest in the next level of technology in order to be competitive. The company is exploring the purchase of a new piece of equipment that will cost $1,500,000, at an expected...
-
Choose a real company of their choosing and will focus on ways to help increase the company's digital consumer engagements. For example, how can the company better drive increased revenue, sales,...
-
Four morally and ethically relevant principles have been examined regarding scarcity and include: Treating people with consistency through the use of a lottery or first-come first-served basis...
-
A beaker contains saturated aqueous sodium chloride solution in contact with undissolved solid sodium chloride. Sodium ions and chloride ions are constantly moving from solid to solution and from...
-
Define the term utility software and give two examples.
-
a. If the one-year discount factor is .88, what is the one-year interest rate? b. If the two-year interest rate is 10.5 percent, what is the two-year discount factor? c. Given these one- and two-year...
-
A factory costs $800,000. You reckon that it will produce an inflow after operating costs of $170,000 a year for 10 years. If the opportunity cost of capital is 14 percent, what is the net present...
-
Harold Filbert is 30 years of age and his salary next year will be $20,000. Harold forecasts that his salary will increase at a steady rate of 5 percent per annum until his retirement at age 60. a....
-
Harper, Inc, acquires 40 percent of the outstanding voting stock of Kinman Company on January 1, 2020, for $316,100 in cash. The book value of Kinman's net assets on that date was $610.000, although...
-
Need a help for this! The following information is obtained from the records of Kaiser Company: On January 1, 2017 the following machines were acquired for cash: Production machines costs $ 6,000...
-
Book 51,500 Hint rint rences Raw Materials Inventory Debit Credit Beginning 10,100 Purchases 45,500 Available for use 55,600 DM used Ending 4,100 Work in Process Inventory Debit Credit Beginning...
Study smarter with the SolutionInn App