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Prefix Supply Company received a 120 -day, 6% note for $36,000, dated April 12 from a customer on account. Assume 360 -days in a year.
Prefix Supply Company received a 120 -day, 6% note for $36,000, dated April 12 from a customer on account. Assume 360 -days in a year. a. Determine the due date of the note. b. Determine the maturity value of the note. $ Feedback Check My Work The due date is the date the note is to be paid. Assume a 360 day year. The maturity value is the amount that must be paid at the due date of the note. Accounts receivable turnover and days' sales in receivables For two recent years, Robinhood Company reported the following: a. Determine the accounts receivable turnover for 20Y9 and 20Y8. Round your answers to one decimal place. 20Y8: 20Y9: b. Determine the days' sales in receivables for 20Y9 and 20Y8. Assume 365 days in a year. Round intermediate calculations and final answers to one decimal place. 20Y8: days 20Y9: days c. Are the changes in the accounts receivable turnover and days' sales in receivables from 20Y8 to 20Y9 favorable or unfavorable
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