Blue and noble is a small law firm that does all of its, Ask an Expert

Finance

Blue and noble is a small law firm that does all of its business through billings (no cash sales). Historically, the firm has collected 40% of its revenue in the month of billing, 50% during the first month after billing, and 8% during the second month after billing. Two percent typically remains uncollected. Revenue projections for the coming year are $47,500 for January and $50,000 for February. Cash receipts of $50,600 are expected in March. What revenues are projected for March?

View complete question

Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M9864799

Have any Question?Write your Review or question?

Related Questions in Basic Finance

You take out an 8700 car loan that calls for 36 monthly

You take out an $8,700 car loan that calls for 36 monthly payments starting after 1 month at an APR of 9%.

With its current leverage cowcow copr will have net income

With its current leverage, COWCOW copr will have net income next year of $7 million. If COWCOWs corporate tax rate is 30% and it pays 7% interest on its debt, how much debt can COWCOW issue this year and still receive th ...

Question - dr bueller had recently overheard a few of his

Question - Dr. Bueller had recently overheard a few of his colleagues discussing possible investments in the international marketplace. Wanting to explore all of his potential investment options, he has asked you to expl ...

The reports delivered to those engaged in carrying out or

The reports delivered to those engaged in carrying out or managing the project should be timed to allow control to be exercised before completion of the task in question. Describe exception reports versus special analysi ...

Tcs company has just started to deposit 225 at the end of

TCS company has just started to deposit $225 at the end of each month into its employees retirement fund (i.e., the first deposit will take place one month from now). These deposits will continue for each employee until ...

Question - a soil weighs 1282 kgm3 loose 1602 kgm3 in place

Question - A soil weighs 1282 kg/m3 loose, 1602 kg/m3 in place and 1842 kg/m3 compacted. Find the swell and shrinkage of this soil and if a scraper has a heaped volume capacity of 33.6 m3, calculate how many Bm3 of soil ...

The conversion price of a 100 par convertible preferred

The conversion price of a $100 par convertible preferred stock is $25. If this convertible has a conversion value of $64 per share, What is the common stock price?

Managerial finance assessment task - project

Managerial Finance Assessment Task - Project Evaluation Question 1 - RWE Enterprises Pty Ltd is a small manufacturing firm located in Brisbane. RWE is considering setting-up a new plant. The plant has an upfront cost of ...

Under what circumstances will the irr and npv rules lead to

Under what circumstances will the IRR and NPV rules lead to the same decision (accept/reject)? When might they conflict?

If the offering price of an open-end fund is 1380 per share

If the offering price of an open-end fund is $13.80 per share and the fund is sold with a front-end load of 8%, what is its net asset value? (Round your answer to 2 decimal places.)

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

Recent Questions

Ask Basic Finance Expert