Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Basic Finance Expert

ABC Co. has an average collection period of 60 days. Total credit sales for the year were $3,000,000. What was the balance in accounts receivable at year-end (a year is 360 days)?

Basic Finance, Finance

  • Category:- Basic Finance
  • Reference No.:- M938448

Have any Question? 


Related Questions in Basic Finance

Bethesda mining company reports the following balance sheet

Bethesda Mining Company reports the following balance sheet information for 2015 and 2016. BETHESDA MINING COMPANY Balance Sheets as of December 31, 2015 and 2016 2015 2016 2015 2016 Assets Liabilities and Owners' Equity ...

Using financial data from an appropriate source eg yahoo

Using financial data from an appropriate source (e.g. Yahoo Finance, Google Finance, annual reports, etc.), calculate the operating and cash conversion cycles for Darden Restaurants (ticker DRI). Explain what your answer ...

1 identity theft what constitutes identity theft2 identity

1. Identity Theft. What constitutes identity theft? 2. Identity Theft. Is identity theft only perpetrated to acquire money, goods, or services? 3. Impact of Identity Theft. Aside from the financial losses, what other neg ...

Determine the sources of capital for canon inc ticker jcnn

Determine the sources of capital for Canon Inc. (ticker: J:CN@N) in each of the last five years. How much capital was raised through internal sources, and how much was raised through external sources? Compare the sources ...

You are a freshman in college and are planning a trip to

You are a freshman in college and are planning a trip to Europe when you graduate from college at the end of four years. You plan to save the following amounts annually, starting today: $716, $602, $732, and $736. If the ...

What is an excess reserve and how is this different than

What is an excess reserve and how is this different than required reserves ? List at least four different types of insurance companies ? What is the difference between a mutual fund and a closed-end fund? If a mutual fun ...

Assignmentbackgroundfinancial literacy helps you to become

Assignment Background: Financial literacy helps you to become a better manager. Understanding the financial side of the business will make you more effective on the job and will make your work life more meaningful. The t ...

A model of a harbor is made on the length ratio of 3601

A model of a harbor is made on the length ratio of 360:1. Storm waves of 2 m amplitude and 8 m/s velocity occur on the breakwater of the prototype harbor. Significant variables are the length scale, velocity, and g, the ...

Make up an example of deduction or deductive reasoningin

Make up an example of deduction or deductive reasoning. In deductive reasoning, if the premises or initial observations are true, does this guarantee that the conclusion is true? Explain why or why not.

1 what is liquidity risk how do banks manage liquidity

1. What is liquidity risk? How do banks manage liquidity risk? 2. What is credit risk? How do banks manage credit risk? 3. What is interest-rate risk? How do banks manage interest-rate risk? 4. What is the difference bet ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Section onea in an atwood machine suppose two objects of

SECTION ONE (a) In an Atwood Machine, suppose two objects of unequal mass are hung vertically over a frictionless

Part 1you work in hr for a company that operates a factory

Part 1: You work in HR for a company that operates a factory manufacturing fiberglass. There are several hundred empl

Details on advanced accounting paperthis paper is intended

DETAILS ON ADVANCED ACCOUNTING PAPER This paper is intended for students to apply the theoretical knowledge around ac

Create a provider database and related reports and queries

Create a provider database and related reports and queries to capture contact information for potential PC component pro

Describe what you learned about the impact of economic

Describe what you learned about the impact of economic, social, and demographic trends affecting the US labor environmen