Question
Zoom has a DSO of 30 days, and its annual sales are $6,500,000. What is its accounts receivable balance? Assume that it uses 365-day year.
Zoom has a DSO of 30 days, and its annual sales are $6,500,000. What is its accounts receivable balance? Assume that it uses 365-day year. a) $17,808 b) $216,666 c) $534,247 d) $593,607 e) None of the above ? 12. Assume that you will receive $2,000 a year in Years 1 and 2, zero dollars in year 3. $4,000 a year in Years 4 and 5, and $3,000 in Year 6, with all cash flows to be received at the end of the year. If you require a 14 percent rate of return. You will accumulate (future value) at end of year 6:* O a) $ 9,851 O b) $13,250 c) $11,714 d) $18,547 e) None of the above
DO NOT COPY FROM CHEGG OTHERWISE I HAVE TO REPORT
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