Ask Question, Ask an Expert


Ask Basic Finance Expert

The Robinson Company from Problem 2 had net sales of $1,200,000 in 2010 and $1,300,000 in 2011.

a. Determine the receivables turnover in each year.

b. find out the average collection period for each year.

c. Based on the receivables turnover for 2010, estimate the investment in receivables if net sales were $1, 300,000 in 2011.

d. How much of a change in the 2011 receivables occurred?

Basic Finance, Finance

  • Category:- Basic Finance
  • Reference No.:- M944103

Have any Question? 

Related Questions in Basic Finance

Effect of crises on the yield curve during some crises

Effect of Crises on the Yield Curve : During some crises, investors shift their funds out of the stock market and into money market securities for safety, even if they do not fear rising interest rates. Explain how and w ...

Why is the npv method for budgeting accepted as the most

Why is the NPV method for budgeting accepted as the most valuable budgeting tool? If you were not allowed to use NPV for a budget you were developing, what other method(s) would you use? Explain your choices.

Euro zone monetary policy explain why participating in the

Euro zone Monetary Policy: Explain why participating in the euro zone causes a country to give up its independent monetary policy and control over its domestic interest rates.

Assignment financial reporting standards in germanyuse

Assignment: Financial Reporting Standards in Germany Use inductive or deductive methods to correlate Germany's history with its financial reporting standards. Requirements: 1. Identify historical events that led to the i ...

Solve this proble using a formula thnaks suppose the texas

Solve this proble using a formula, thnaks. Suppose the Texas lottery advertises that it pays its winner 5 million. However, this prize money is paid at the rate of $1 million each year (with the first payment being immed ...

Case study - john simpsonbackgroundjohn has been a

Case study - John Simpson Background John has been a self-employed carpenter for 10 years, and operates his business under a company structure. He has approached you for help in arranging finance for a potential purchase ...

Powerpoint presentationassume that you are a social worker

PowerPoint Presentation Assume that you are a social worker for the Department of Children and Families in your state, and you have been asked to present information about a public assistance program of your choice to a ...

Chris and harold yoshida are a young couple with a growing

Chris and Harold Yoshida are a young couple with a growing income. What will happen to their demand for money over time?

Suppose one of the suppliers to seattle health system

Suppose one of the suppliers to Seattle Health System offers terms of 3/20, net 60. When does the system have to pay its bills from this supplier? What is the approximate percentage cost of the costly trade credit offere ...

Describe each of the three components in the aim planning

Describe each of the three components in the AIM planning process for business messages: audience analysis, idea development, and message structuring.

  • 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

A cola-dispensing machine is set to dispense 9 ounces of

A cola-dispensing machine is set to dispense 9 ounces of cola per cup, with a standard deviation of 1.0 ounce. The manuf

What is marketingbullwhat is marketing think back to your

What is Marketing? • "What is marketing"? Think back to your impressions before you started this class versus how you

Question -your client david smith runs a small it

QUESTION - Your client, David Smith runs a small IT consulting business specialising in computer software and techno

Inspection of a random sample of 22 aircraft showed that 15

Inspection of a random sample of 22 aircraft showed that 15 needed repairs to fix a wiring problem that might compromise

Effective hrmquestionhow can an effective hrm system help

Effective HRM Question How can an effective HRM system help facilitate the achievement of an organization's strate