Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Basic Finance Expert

problem: Timberline Inc. has sales of $642,000 and average accounts payable of $36,400. The cost of goods sold is equivalent to 65 percent of sales. Determine how long does it take Timberline to pay its suppliers? 

[A]    20.69 days

[B]    26.18 days

[C]    31.85 days

[D]    11.46 days

[E]    13.45 days

Basic Finance, Finance

  • Category:- Basic Finance
  • Reference No.:- M919518

Have any Question? 


Related Questions in Basic Finance

A swap dealer quotes that the rate on a plain vanilla swap

A swap dealer quotes that the rate on a plain vanilla swap, for it to pay fixed, is the five-year Treasury rate plus 10. To receive fixed, the dealer quotes the rate as the five-year Treasury rate plus 15. Assuming the f ...

Explain what we mean when we say that the binomial model is

Explain what we mean when we say that the binomial model is a discrete time model and the Black-Scholes-Merton model is a continuous time model? Explain the difference between a normal and a lognormal distribution as it ...

Explain how a protective put is like purchasing insurance

Explain how a protective put is like purchasing insurance on a stock ? Why is choosing an exercise price on a protective put like deciding which deductible to take on an insurance policy? Discuss and compare the two bull ...

1 why is it important for the financial manager to

1. Why is it important for the financial manager to understand the inventory control techniques used by production/operations managers? How does controlling inventory impact a firm's profitability? 2. What role does the ...

1 what is the yield to maturity why is the yield to

1. What is the yield to maturity? Why is the yield to maturity a better measure of the interest rate on a bond than is the coupon rate? 2. Write an expression showing the relationship among the price of a coupon bond, th ...

1 when an author submits a manuscript to a journal what is

1. When an author submits a manuscript to a journal, what is the general process by which the decision whether or not to publish the paper is made? 2. Distinguish between a paper session and a poster session.

1 steps in buying a home what is your first task when

1. Steps in Buying a Home. What is your first task when considering buying a home? Why is this step important? How can a real estate broker help you? 2. Purchasing a Home. What are the two financial components you must c ...

1 suppose that apples profits are expected to grow twice as

1. Suppose that Apple's profits are expected to grow twice as fast as Microsoft's. Which firm's stock should be the better investment? Briefly explain. 2. Henry Blodget worked for Merrill Lynch during the dot-com boom. T ...

A nut having an effective length of 2 in and a 12-16 un

A nut having an effective length of 2 in. and a 1/2-16 UN thread is snug tightened and then turned 308. How much preload will that create in the bolt? Is that an acceptable preload? Describe the typical torque-turn tight ...

Choose a theory presented in a self-help bookinvestigate

Choose a theory presented in a self-help book. Investigate whether the theory is supported by science or is an example of pseudoscience.

  • 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

WalMart Identification of theory and critical discussion

Drawing on the prescribed text and/or relevant academic literature, produce a paper which discusses the nature of group

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