Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Aug 02, 2024

Revenue $ 6 3 , 0 0 0 % of Revenue Accounts Receivable If I am opening a new business and i expect to generate

Revenue $

63, 000

%

of Revenue

Accounts Receivable

If I am opening a new business and i expect to generate $

63, 000.00

in revenue my first month in business. What percentage of this should be accounts receivable?

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

Business Accounting

Authors: Frank Wood, Alan Sangster

7th Edition

0273619829, 9780273619826

More Books

Students also viewed these Accounting questions

Question

★★★★★

(Greens second formula) Verify (9) for f = x4, g = y2 and the cube in Prob. 1.

Answered: 1 week ago

Question

★★★★★

Determine the cash flow to the woman under a discount loan, in which Ponzi will have a lump-sum payment at the end of the contract? Required data: Chuck Ponzi has talked an elderly woman into loaning...

Answered: 1 week ago

Question

★★★★★

develop an understanding of basic intervention concepts and approaches;

Answered: 1 week ago

Question

★★★★★

Orbital Communications has operating plants in over 100 countries. It also keeps funds for transactions purposes in many foreign countries. Assume in 2010 it held 150,000 kronas in Norway worth...

Answered: 1 week ago

Question

★★★★★

You are considering finding a stock which provides 20% expected return. The market risk premium is 10% and the market return is 15%. What should be the estimated beta for this stock? Multiple Choice...

Answered: 1 week ago

Question

★★★★★

The controller of Bridgeport Housewares Inc. instructs you to prepare a monthly cash budget for the next three months. You are presented with the following budget information: The company expects to...

Answered: 1 week ago

Question

★★★★★

A car company creates a new car that runs on solar power and has no carbon emissions. These cars are unlike any other alternative fuel source car on the market. What strategy has the company used?...

Answered: 1 week ago

Question

★★★★★

CASE STUDY Should Packing Be Postponed to the DC? Penang Electronics (PE) is a contract manufacturer that produces and packages private-label products for several retail chains, including Target,...

Answered: 1 week ago

Question

★★★★★

6/6/22, 10:45 AM 3.4.5 Practice: Higher or Lower? Apex Learning - Practice Assignment U.S. and Global Economics (2019) Practice Points Possible: 30 Name: Date: Choose one of the scenarios below and...

Answered: 1 week ago

Question

★★★★★

Client's son calls and says he is worried because, having recently moved, he cannot get mom's nursing home before late evening and the nursing home does not allow visitors after 8:00 pm. He has not...

Answered: 1 week ago

Question

★★★★★

According to Harold Miner, the Nacirema try, at all costs, to avoid pain: (LO 3.4) Group of answer choices True False

Answered: 1 week ago

Question

★★★★★

A potential candidate is interviewing for a security analyst role. The candidate says the following when responding to a scenario-based question: "It was up to me to manage the product sales for the...

Answered: 1 week ago

Question

★★★★★

Every time we allow the post offi ce to deliver packages late and we just grumble to ourselves and say nothing to our postal carriers, we enable mail delivery services around the world to continue at...

Answered: 1 week ago

Question

★★★★★

Every time we go to a restaurant that is overbooked and we have to wait thirty minutes for our reserved table and we dont speak up, diners let the owners believe this is an acceptable practice. Some...

Answered: 1 week ago

Question

★★★★★

How much energy is consumed by staff confl icts because people dont feel comfortable handling personal criticism? What can be done to change this pattern?

Answered: 1 week ago

Previous Question Next Question