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

Question

1 Approved Answer

Tauscher Textiles Corporation has an inventory conversion period of 45 days, a receivables collection period of 36 days, and a payables deferral period of 35

Tauscher Textiles Corporation has an inventory conversion period of 45 days, a receivables collection period of 36 days, and a payables deferral period of 35 days. Tauscher's sales are $4,309,028 and all sales are on credit. In addition, its cost of goods sold is 75% of sales. What is the firm's investment in accounts receivable?

a. $325,000

b. $375,000

c. $425,000

d. $500,000

e. $575,00

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_2

Step: 3

blur-text-image_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

Management Science The Art Of Modeling With Spreadsheets

Management Science The Art Of Modeling With Spreadsheets

Authors: Stephen G. Powell, Kenneth R. Baker

3rd Edition

0470530677, 978-0470530672

More Books

Students also viewed these Finance questions

Question

★★★★★
Determine whether the statement is true or false. Justify your answer. 1. The equation x (3 x) = 10 is a linear equation. 2. The equation 2x + 3 = x is a linear equation. 3. The equation 2(x 3) + 1...

Answered: 1 week ago

Question

★★★★★
A ductile cast-iron bar is to operate at a stress of 6000 psi for 1 year. What is the maximum allowable temperature?

Answered: 1 week ago

Question

★★★★★
Using the Birth Weight data set, (a) estimate the percentage of low birth weight babies for mothers who are white (Race = 1), say ????W. (b) estimate the percentage of low birth weight babies for...

Answered: 1 week ago

Question

★★★★★
Jenny Thompson Construction Company has entered into a contract beginning January 1, 2007, to build a parking complex. It has been estimated that the complex will cost $600,000 and will take 3 years...

Answered: 1 week ago

Question

★★★★★
MAC 4367 7) Right To Health (RTH) is a registered Non Profit Organisation (NPO) with over 5000 employses across the country and 800 volunteers providing in home care for elderiy and disabled prople...

Answered: 1 week ago

Question

★★★★★
Listed in the accompanying table are weights (lb) of samples of the contents of cans of regular Coke and Diet Coke. Assume that the two samples are independent simple random samples selected from...

Answered: 1 week ago

Question

★★★★★
A total of 75 out of 200 old computers were reported as problematic. Therefore, 300 new computers were purchased, of which 6 were reported as problematic. What was the percentage decrease of...

Answered: 1 week ago

Question

★★★★★
Porter Company is analyzing two potential investments. Initial investment Net cash flow: Year 1 Year 2 Year 3 Year 4 Project X Project Y $ 60,000 $ 68,000 24,000 4,000 24,000 26,000 24,000 26,000 0...

Answered: 1 week ago

Question

★★★★★
Assignment: Case Study: Siti vs Zana (Question 1) Siti and her supervisor had just returned from a colleague's mother's funeral when she came to a note on her desk. "Siti, Encik Johan took your files...

Answered: 1 week ago

Question

★★★★★
The steel bolt and anchor assembly is used to reinforce the roof of a passageway in an underground coal mine (Figure P5.13). In installation, the bolt is tensioned to 5300 lb. Calculate the stress,...

Answered: 1 week ago

Question

★★★★★
Big Dawg REIT, a national office REIT, reported GAAP net income of $88,706,000 in 2023. It also reported the following items: Net Income: $88,706,000 Real estate depreciation $123,546,000 Gains on...

Answered: 1 week ago

Question

★★★★★
Round your answer to two decimal places. 5 Question 6 12.5 pts Evaluate the double integral of f (x, y) = 6x +6y over the region R bounded by y = 0, y = 2 \\x, and x = d2, where d = 4. Round your...

Answered: 1 week ago

Question

★★★★★
Computation of Beginning Inventory Sorter Company recorded the following journal entries during 2001: If the inventory reported at December 31, 2001, was $41,000, what was the balance in inventory...

Answered: 1 week ago

Question

★★★★★
Determining Cost of Goods Sold Fast Company reported an inventory turnover ratio of 15.6 for the year based on average inventory. It had $240,000 of inventory at the beginning of the year and...

Answered: 1 week ago

Question

★★★★★
Legal Services Shaky Company has been threatened with a major lawsuit by one of its former customers. In preparation for any potential suit, Shaky Company gave a $150,000 retainer to the law firm of...

Answered: 1 week ago

Previous Question Next Question