Question: TB MC Qu . 1 4 - 0 5 MC Enterprises estimates that it takes... MC Enterprises estimates that it takes, on average, 1 3

TB MC Qu.14-05 MC Enterprises estimates that it takes...
MC Enterprises estimates that it takes, on average, 13 days for their customers' payments to reach them, 2 day for the payments to be processed and deposited by their bookkeeping department, and 3 more days for the check to clear once they're deposited. What is their collection float?
4 points
Multiple Choice
16 days
15 days
18 days
13 days
TB MC Qu.14-05 MC Enterprises estimates that it takes... MC Enterprises

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

Q:

Your company has a 35% tax rate and has $752 million in assets, currently financed entirely with equity. Equity is worth $50.20 per share, and book value of equity is equal to market value of equity....

Q:

1.Suppose that Freddie's Fries has annual sales of $540,000; cost of goods sold of $415,000; average inventories of $13,000; average accounts receivable of $29,000, and an average accounts payable...

Q:

Help & Su TB MC Qu. 09-146 If a company has advance.. Wacompany has advance subscription sales totaling $45,000 for the upcoming year, when four quarterly Journals wil ma Dear Cash 545.000 Credit...

Q:

please answer all question. Zoom in to see blurry pictures. I can not get them any clearer. The operating cycle for a merchandiser that sells only for cash moves from: Multiple Choice Purchases of...

Q:

TB MC Qu. 4-36 Bratton Corporation had... Bratton Corporation had 12,900 units of work In process on April 1. During April, 23,600 units were completed and as of April 30, 5,430 units remained In...

Q:

TB MC Qu. 6-98 Shum Manufacturing, which uses the high-low method, makes... Shum Manufacturing, which uses the high-low method, makes a product called Kwan. The company incurs three different cost...

Q:

Barnett Products manufactures three types of remotecontrol devices: Economy. Standard, and Deiuxe. The company, which uses activity-based costing. has identified five activities [and reiated cost...

Q:

I need help wirh questions 2-10 Question 2 1 pts Which of the following statements is correct? Financial managers need to balance shortage costs against carrying costs to find an optimal management...

Q:

i need help wirh questions 1-15 Liedte New Custo... 990 Question 1 1 pts Lennar Corp offers its customers payment terms of 4/15 EOM, net 70. Assuming 365 days in a year, calculate the implicit cost...

Q:

1. In 2013, several data server companies took a dramatic decision to begin using energy surcharges to recapture rising energy costs. However, customers are critical of how the energy surcharges are...

Q:

The following data represent the final grades obtained by 5 students in mathematics, English, French, and biology. Test the hypothesis that the courses are of equal difficulty. Use a P-value in your...

Q:

What are two methods by which the wage gap between Chinese and U.S. workers will likely narrow?

Q:

Question 9 7 Pol Mari is concerned about cash flow refurns. She wants to know how much she gets in actual cash pobluck for every dollar the h invested in a stock. Which ratio should she use to find...

Q:

Inventory records for Herb's Chemicals revealed the following: March 1, 2021, inventory: 1,950 gallons @ $9.10 per gallon = $17,745 Purchases: Sales: Mar. 10 790 gals @ $ 9.15 Mar. 5 590 gals Mar. 16...