Problemjohhnie pizza has annual sales of 531000 and costs, Ask an Expert

Finance

Problem:

Johhnie Pizza has annual sales of 531,000 and costs of good sold of 358,000. The profit margin is 4.8% and the accounts payable period is 41 days.

Required:

Question: What is the average accounts payable balance?

Note: Please show the work not just the answer.

View complete question

Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M91148539

Have any Question?Write your Review or question?

Related Questions in Basic Finance

Based on the following jbhs projected free cash flows to

Based on the following JBH's projected free cash flows to equity holders between 2019 and 2021, what is the total equity value of JBH using the discounted cash flow model if analysts forecast the company's free cash fl ...

Carnes cosmetics cos stock price is 7588 and it recently

Carnes Cosmetics Co.'s stock price is $75.88, and it recently paid a $2.50 dividend. This dividend is expected to grow by 21% for the next 3 years, then grow forever at a constant rate, g; and rs = 14%. At what constant ...

If sheel inc has 7 percent coupon compounded semiannually

If Sheel Inc. has 7 percent coupon (compounded semiannually) bonds on the market with 10 years to maturity, and the par value of $1,000. AT what price should the bonds be selling for if the YTM is 5%? If the bond had bee ...

Can only weak companies issue debentures can you please

Can only weak companies issue debentures? Can you please explain why they can, or cannot?

The terms of sale arenbsp59nbspnetnbsp43nbspwhat is the

The terms of sale are 5/9, net 43. What is the effective annual rate of interest? Enter your answer in percentages rounded off to two decimal points. Do not enter % in the answer box.

You are 25 years old and have not started saving for

You are 25 years old and have not started saving for retirement yet. You want to retire at 55. You want $1,000,000 in your account. You can earn 5% on average over the next 30 years. How much do you have to save each mon ...

Risk versus ambiguitya define each of the concepts risk and

Risk versus ambiguity a. Define each of the concepts risk and ambiguity (sometimes called Knightian uncertainty). b. Provide a simple example that incorporates risk in monetary payoffs but not ambiguity. c. Describe a si ...

An organization considers two mutually exclusive real

An organization considers two mutually exclusive real estate projects with identical initial investments of US $100,000.00 but different expected cash flows. The organization requires a 10 percent return on these types o ...

Cost of capital is one of our last topics in finance cost

Cost of Capital is one of our last topics in finance. Cost of Capital refers to the cost of raising funds to purchase or build or to borrow. Why do you think this is so important? To look at cost of capital a different w ...

You are considering investing in one of these three

You are considering investing in one of these three stocks: Stock Standard Deviation Beta A. 8% 0.59 B 10% 0.61 C 12% 1.29 If you are a strict risk minimizer, you would choose Stock ____ if it is to be held in isolation ...

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