Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on May 30, 2024

32- If Nigh Corporation has sales of $2 million per year (all credit) and ACP of 37 days, what is its average amount of

32- If Nigh Corporation has sales of $2 million per year (all credit) and ACP of 37 days, what is its average amount of accounts receivable outstanding? (1 year 360 days) 97,222 194,444 202,740 d) 205,555 57,143 Bo brak 4571900

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting Tools for Business Decision Making

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso

8th edition

978-1118953815, 978-1118953907

More Books

Students also viewed these Accounting questions

Question

★★★★★

A decision maker is working on a problem that requires her to study the uncertainty surrounding the payoff of an investment. There are three possible levels of payoff $1,000, $5,000, and $10,000. As...

Answered: 1 week ago

Question

★★★★★

Briefly summarize the differences in how the Internet, a company intranet, and an extranet are accessed and used.

Answered: 1 week ago

Question

★★★★★

In Exercises 13 and 14, use the diagram of the field hockey field in which 1 inch = 50 yards. Use a ruler to approximate the dimension. Find the actual length of the field. PIC

Answered: 1 week ago

Question

★★★★★

2. Resist the temptation to remind students in public that they are not keeping their side of the bargain.

Answered: 1 week ago

Question

★★★★★

1. Each of these systems needed significant investment in resources and capital. What do you believe was the rationale to justify the costs of these systems? What types of quantitative savings can be...

Answered: 1 week ago

Question

★★★★★

QUESTION 4 A Petroleum Refining company has decided to purchase new refining equipment for $100,000. The new equipment will be replaced after 50,000 hours of use. Its estimated salvage value at the...

Answered: 1 week ago

Question

★★★★★

Computer science Python 3 Please help! stock- "banana". 6 "apple": 0, "orange": 32, "pear": 15. 3- prices t+' "banana": 4, "apple": 2, "orange": 1.5, "pear": 3

Answered: 1 week ago

Question

★★★★★

Men are more likely than women to use stress coping by blaming others. In conclusion, Men, and Women equally use blaming others and copying mechanisms. The average for both seems to be slightly lower...

Answered: 1 week ago

Question

★★★★★

Your workplace is experiencing change, the owner of the company is deciding to selling the company. Explain how this change will affect the company and the employees. Opening: Tell the audience what...

Answered: 1 week ago

Question

★★★★★

Scenario: Current COVID-19 situation Analyze the business environment for WestJet Airlines in Canada, using Porter's Five Forces model.

Answered: 1 week ago

Question

★★★★★

Furniture City Bikes would like a firm quote of two materials; Deluxe Touring Bike (Black) and Women's Off Road Bike. GBI has determined to use SAP ERP in order to quickly react to the customer...

Answered: 1 week ago

Question

★★★★★

It is essential to understand what constitutes ethical research practices in qualitative research. After reviewing the Learn material for this module and conducting your own outside research, please...

Answered: 1 week ago

Question

★★★★★

Miller Manufacturing has a target debtequity ratio of .50. Its cost of equity is 13 percent, and its cost of debt is 7 percent. If the tax rate is 40 percent, what is the companys WACC? (Do not round...

Answered: 1 week ago

Question

★★★★★

Suppose the S&P 500 futures price is 1000, = 30%, r = 5%, = 5%, T = 1, and n = 3. a. What are the prices of European calls and puts for K = $1000? Why do you find the prices to be equal? b. What...

Answered: 1 week ago

Question

★★★★★

Conduct a revenue risk assessment for a government of your choice. The historical revenue information should be available in the budgets and Comprehensive Annual Financial Reports of the government....

Answered: 1 week ago

Question

★★★★★

You should know the forecast subject, the forecast horizon, and a forecast technique. You can use examples of revenue sources in your local government.

Answered: 1 week ago

Question

★★★★★

Besides the trial and error method introduced in the book, consider the shape of the data trend. Data with sharp ups and downs over time require consideration of weighting more on the most recent...

Answered: 1 week ago

Previous Question Next Question