Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Business Economics Expert

Chris’s Outdoor Furniture, Inc., has net cash flows from operating activities for the last year of $390 million. The income statement shows that net income is $365 million and depreciation expense is $49 million. During the year, the change in inventory on the balance sheet was $39 million, change in accrued wages and taxes was $19 million, and change in accounts payable was $30 million. At the beginning of the year, the balance of accounts receivable was $49 million.

Calculate the end-of-year balance for accounts receivable. (Enter your answer in millions of dollars.)

Accounts receivable $ ? m

Business Economics, Economics

  • Category:- Business Economics
  • Reference No.:- M91953653

Have any Question?


Related Questions in Business Economics

Assume you are working at the consumer protection agency

Assume you are working at the Consumer Protection Agency. Recently, you have been getting complaints about the highway gas mileage of a new minivan. The car company agrees to allow you to select randomly 40 of its new mi ...

Some farm land is more productive than other land in the

Some farm land is more productive than other land in the sense that it can grow more food per hectare. Farmers also use fertilizer to grow food (i.e. adding fertilizer increases crop yield by 10 percent) earn more revenu ...

A binomial process has 892 trails and a probability of

A binomial process has 892 trails and a probability of success of 0.78. What is the standard deviation of this process distribution?

Event a occurs with probability 04 if events a and b are

Event A occurs with probability 0.4. If events A and B are not disjoint, then a P(B) b P(B) ≥ 0.6. c P(B) > 0.6. d P(B) Step 1:You are tossing a balanced die that has probability of coming up 1 on each toss. Tosses are i ...

A media rental store rented the following number of movie

A media rental store rented the following number of movie titles in each of these catagories: 160 horrors, 242 drama, 114 mystery, 308 romance, and 134 comedy. If a person selects a movie to rent, find the probability th ...

Answer in true or false1 in the circular flow model firms

Answer in true or False : 1) In the circular flow model, firms sell the services of factors of production to households 2) If GDP included the value of leisure time, the value of US GDP would most likely increase. 3) GDP ...

The increase in prescription drugs cost increases the drug

The increase in prescription drugs cost, increases the drug companies profit. Should there be restrictions to lower consumer cost and how much of their profit should be reinvested into research and development?

Youre trying to save to buy a new 190000 bmw 3 series

You're trying to save to buy a new $190,000 BMW 3 series sedan. You have $40,000 today that can be invested t your bank. The bank pays 4.8% annual interest on its accounts.  How long will it be before you have enough to ...

Describe the difference in economic profit between a

Describe the difference in economic profit between a competitive firm and a monopolist in both the short and long run. Which should take longer to reach the long-run equilibrium?

Annual demand and supply for the mylan company is given

Annual demand and supply for the Mylan company is given by: Q D  = 5,000 + 0.5 I + 0.2 A - 100P, and Q S  = -5000 + 100P where Q is the quantity per year, P is price, I is income per household, and A is advertising expen ...

  • 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

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As