{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-06-05T23:01:53-04:00", "answer_date": "2024-06-05 23:01:53", "is_docs_available": "", "is_excel_available": "", "is_pdf_available": "", "count_file_available": 0, "main_page": "student_question_view", "question_id": "2321772", "url": "\/study-help\/questions\/mcgriff-dog-food-company-normally-takes-30-days-to-pay-2321772", "question_creation_date_js": "2024-06-05T23:01:53-04:00", "question_creation_date": "Jun 05, 2024 11:01 PM", "meta_title": "[Solved] McGriff Dog Food Company normally takes 3 | SolutionInn", "meta_description": "Answer of - McGriff Dog Food Company normally takes 30 days to pay for average daily credit purchases of $9,730. Its average daily | SolutionInn", "meta_keywords": "mcgriff,dog,food,company,30,days,pay,average,daily,credit,purchases,$9,730", "question_title_h1": "McGriff Dog Food Company normally takes 30 days to pay for average daily credit purchases of $9,730. Its average daily sales are $10,010, and it", "question_title": "McGriff Dog Food Company normally takes 30 days to pay for average", "question_title_for_js_snippet": "McGriff Dog Food Company normally takes 30 days to pay for average daily credit purchases of $9,730 Its average daily sales are $10,010, and it collects accounts in 32 days a What is its net credit position b 1 If the firm extends its average payment period from 30 days to 37 days (and all else remains the same), what is the firm's new net credit position (Negative amount should be indicated by a minus sign ) b 2 Has the firm improved its cash flow ", "question_description": "

McGriff Dog Food Company normally takes 30 days to pay for average daily credit purchases of $9,730. Its average daily sales are $10,010, and it collects accounts in 32 days.<\/span><\/p>

<\/span><\/p>

a.<\/strong>What is its net credit position?<\/span><\/p>

<\/span>b-1.<\/strong>If the firm extends its average payment period from 30 days to 37 days (and all else remains the same), what is the firm's new net credit position?<\/span>(Negative amount should be indicated by a minus sign.)<\/strong><\/p>

b-2.<\/strong>Has the firm improved its cash flow?<\/span><\/p>", "transcribed_text": "", "related_book": { "title": "The Legal Environment Of Business", "isbn": "013354642X, 9780133546422", "edition": "7th Edition", "authors": "Nancy Kubasek", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/65fbd6a7c1cb7_2622.jpg", "uri": "\/textbooks\/the-legal-environment-of-business-7th-edition-9780133546583", "see_more_uri": "" }, "free_related_book": { "isbn": "B013J9IS48", "uri": "\/textbooks\/baby-touch-and-feel-fluffy-animals-by-dk-board-book-1st-edition-b013j9is48-302423", "name": "Baby Touch And Feel Fluffy Animals By Dk Board Book", "edition": "1st Edition" }, "question_posted": "2024-06-05 23:01:53", "see_more_questions_link": "\/study-help\/questions\/business-corporate-finance-2020-July-01", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/demand-bonds-may-provide-the-issuer-with-the-disadvantages-but", "description": "Demand bonds may provide the issuer with the disadvantages but not the advantages of long-term debt. 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