FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Shamrock Inc has sales of $400,000 a year with an average DSO of 76 days. The company believes that it can decrease its DSO to

Shamrock Inc has sales of $400,000 a year with an average DSO of 76 days. The company believes that it can decrease its DSO to the industry average of 44 days with affecting sales. How much would the company need to change its inventory by to meet this goal? Assume 365 days a year.

Group of answer choices

Increase by 35,068.49

Increase by 48,219.18

Decrease by 35,068.49

Decrease by 48,219.18

Increase by 19,210.52

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

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

Step: 2

blur-text-image

Step: 3

blur-text-image

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 Econometrics

Financial Econometrics

Authors: Peijie Wang

1st Edition

0415426693, 978-0415426695

More Books

Students also viewed these Finance questions

Question

★★★★★
Elon Savings and Loan Association has a large number of 30-year mortgages with floating interest rates that adjust on an annual basis and obtains most of its funds by issuing five-year certificates...

Answered: 1 week ago

Question

★★★★★
For 2014, Fielder Industries Inc. initiated a sales promotion campaign that included the expenditure of an additional $40,000 for advertising. At the end of the year, Leif Grando, the president, is...

Answered: 1 week ago

Question

★★★★★
An instructor in one of your classes has asked you to vote on three grading options. Which of these options would you choose? a Study the course material, take the exams and receive the grade I earn...

Answered: 1 week ago

Question

★★★★★
Mary Khadir is suing the manufacturer of her car because of a defect that she believes caused her to have an accident, keeping her out of work for a year. She is suing the company for $3.5 million....

Answered: 1 week ago

Question

★★★★★
Shamrock Inc has sales of $400,000 a year with an average DSO of 76 days. The company believes that it can decrease its DSO to the industry average of 44 days with affecting sales. How much would the...

Answered: 1 week ago

Question

★★★★★
Find all the solutions to the equation given below. Leave your answer in the form a+bi. Z4 = 5 COS + / sin 4 4

Answered: 1 week ago

Question

★★★★★
Zion Inc makes industrial solvents sold in 5-gallon drums. Planned production in units for the first 3 months of the coming year is: January 43,800 February 41,000 March 50,250 Each drum requires 5.5...

Answered: 1 week ago

Question

★★★★★
The annual reports of the Coca-Cola Company and PepsiCo Incorporated indicate the following for the year ended December 31, 2020 (amounts in millions): Net revenues Net income Total assets, January...

Answered: 1 week ago

Question

★★★★★
Plot the V2 vs V1 data for every one of the different V1 values. "By eye," estimate the linear data (the data not indicating saturation) and fit a line to that data. The slope of that line will be...

Answered: 1 week ago

Question

★★★★★
3. Consider the following three bode diagrams in Figure 1. Answer the questions for each one. Note that I have also uploaded "bodel.fig", "bode2.fig", and "bode3.fig" so that you can load the plots...

Answered: 1 week ago

Question

★★★★★
30 points Kumakari is a small furniture store. It has annual sales of $2,000,000. Beginning-of-year inventory (at cost) equals $375,000; ending inventory (at cost) is $325,000. The yearly purchases...

Answered: 1 week ago

Previous Question Next Question