Lipman Inc. has an ACP of 39 days. Its average daily investment in receivables is $47,500. What

Question:

Lipman Inc. has an ACP of 39 days. Its average daily investment in receivables is $47,500. What are annual credit sales? What is the receivables turnover?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Corporate Finance

ISBN: 978-0071339575

7th Canadian Edition

Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe, Gordon Ro

See More Books

Question Posted: Jun 17, 2015 04:52 AM

See More Questions

East Shore Inc. has an ACP of 60 days and daily credit sales of $75,000. A factor offers a 60-day accounts receivable loan equal to 90 percent of accounts receivable. The quoted interest rate is 10...
ACP and Receivables Turnover Music City, Inc, has an average collection period of 42 days. Its average daily investment in receivables is $43,000. What are annual credit sales? What is the...
What does the days sales in receivables indicate and how is it calculated?
aj b) If the magnitude of the force F is 700 N, what is the value of the internal moment at point A in N.m? d) 0.5 m 540 180 210 A 0.8 m 240 Bo birak F A
In 1973, the GDP deflator was 15.6 in the United Kingdom and 34.3 in the United States (with 1995 = 100). In 2001, it was 116.1 in the United Kingdom and 112.1 in the United States. The exchange rate...
A variable that is used to indicate whether a certain action has taken place is called a(n) ____________.
Consider the model $y_{i}=\beta_{1} x_{i}+\varepsilon_{i}$, that is, regression with one explanatory variable without the intercept term. This model is called regression through the origin because...
Diamond, an allotrope of carbon, is the hardest substance and the best conductor of heat yet characterized. For these reasons, diamond is used widely in industrial applications that require a strong...
PT Elyksion Communication is experiencing rapid growth. The company expects earnings and dividend growth of 15% over the next two years, 13% in the third year, and constant growth of 6% for the...
Games Galore has provided its condensed financial statements for the year ended December 31, 2016. The Controller has asked you to calculate liquidity, solvency, and profitability ratios that...
A firm offers terms of 1/10, net 30. What effective annual interest rate does the firm earn when a customer does not take the discount? What will happen to this effective rate if a. The discount is...
Air Spares is a wholesaler that stocks engine components and test equipment for the commercial aircraft industry. A new customer has placed an order for eight high-bypass turbine engines, which...
What are the mean and standard deviation for the two probability distributions for the number of boys and the number of girls in families of four from Exercise 11.6.10? Data from Exercise 11.6.10...
Q4: The obtained results of the electric potential in some region is shown in the figure, where the measured equipotential lines are spaced by the same difference in potential. Q5: Q6: The magnitude...
c) Beam of neutrons available from a nuclear reactor is also often used for diffraction experiments to study crystal structure. What is the range of energy of such neutrons be, say for studying...
a) What is the minimum energy of electrons (in eV) required to observe diffraction from Bragg planes of Ni crystal with a separation of 0.91A? In the Davisson-Germer experiment the angle between the...
Recalculate your value of d using the small angle approximation tanesine so that m = Show your calculation. Calculate the percent difference from your two calculated values of d. Show your...
a) (20 p) A boy is seated on the top of a hemispherical mound of ice, of radius R. shown in the figure below. He is given a very small push and starts sliding down the ice. Show that he leaves the...
State whether the following statement are True or False For a popcorn seller expenses recognition will be different in Cash-basis and Accrual-basis.
A copper rod of length L =18.0 in is to be twisted by torques T (see figure) until the angle of rotation between the ends of the rod is 3.08. (a) If the allowable shear strain in the copper is 0.0006...
Internal Rate of Return Concerning IRR: a. Describe how the IRR is calculated, and describe the information this measure provides about a sequence of cash flows. What is the IRR criterion decision...
Internal Rate of Return Concerning IRR: a. Describe how the IRR is calculated, and describe the information this measure provides about a sequence of cash flows. What is the IRR criterion decision...
Internal Rate of Return Concerning IRR: a. Describe how the IRR is calculated, and describe the information this measure provides about a sequence of cash flows. What is the IRR criterion decision...
Suppose that the net income view were to be correct in Problem 1. Describe a profitable investment strategy for investors in the companys bonds and equity if the company were to reduce its debt. What...
A piece of land in Ottawa with an area of 0.5 square kilometers is priced at 5200 Canadian dollars. If there are 0.9955 Canadian dollars per (U.S.) dollar, then what is the price in dollars per...
Marc and Mikkel are married and file a joint tax return. Marc and Mikkel earned salaries this year of $ 6 6 , 2 0 0 and $ 2 5 , 2 0 0 , respectively. In addition to their salaries, they received...

Lipman Inc. has an ACP of 39 days. Its average daily investment in receivables is $47,500. What

Question:

Step by Step Answer:

The receivables turnover is Receivables turnover 365Average c...View the full answer

Corporate Finance

Students also viewed these Corporate Finance questions