Thompson Wood Products has credit sales of $2,160,000 and accounts receivable of $288,000. Compute the value of the average collection period.
Answer to relevant QuestionsOral Roberts Dental Supplies has annual sales of $5,200,000. Ninety percent are on credit. The firm has $559,000 in accounts receivable. Compute the value of the average collection period.Nowlin Pipe & Steel has projected sales of 72,000 pipes this year, an ordering cost of $6 per order, and carrying costs of $2.40 per pipe.a. What is the economic ordering quantity?b. How many orders will be placed during ...Slow Roll Drum Co. is evaluating the extension of credit to a new group of customers. Although these customers will provide $180,000 in additional credit sales, 12 percent are likely to be uncollectible. The company will ...Logan Distributing Company of Atlanta sells fans and heaters to retail outlets throughout the Southeast. Joe Logan, the president of the company, is thinking about changing the firm’s credit policy to attract customers ...If you invest $9,000 today, how much will you have?a. In 2 years at 9 percent?b. In 7 years at 12 percent?c. In 25 years at 14 percent?d. In 25 years at 14 percent (compounded semiannually)?
Post your question