Calculate the Days' Receivables for Johnson Electronics given: • Annual Sales = $2,850 Accounts Receivable = $425 Choose from: a) 52.34 days b) 54.45 days c) 58.42 days d) 62.75 days
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- Use the following information from an account analysis statement to answer the following questions: • Collected balance = $500,000 • Service charges = $5,000 • Reserve requirement ratio of 10 percent • Days in month = 30 days • Earnings credit rate = 0.60 percent a. Calculate the monthly earnings credit allowance and the net service charges. b. Solve for the collected balances required and interpret the value. c. Suppose that the earnings credit rate is re-negotiated upward to 0.75 percent. Recalculate the earnings credit allowance, net service charge, and collected balance required. * With complete calculationCalculate the average daily balance and finance charge on the statement below. Assume 2% finance charge on average daily balance. Note: Round your "Finance charge" to the nearest cent. 7/3 7/18 7/27 30-day billing cycle Balance Payment Charge Walmart Average daily balance Finance charge $ 400 100 250 CreditCalculate the finance charge (in $), the finance charge per $100 (in $), and the annual percentage rate for the installment loan by using the APR table, Table 13-1. (Round dollar amounts to the nearest cent.) Amount Number of Financed Payments $17,950 48 Monthly Payment $532.47 Finance Charge $7176.56 X Finance Charge per $100 $39.98 X 17.59 APR X %
- Calculate the interest? General accountingGiven the following information, calculate the savings ratio: (Round your answer to 2 decimal places.) Liabilities = $32,500 Liquid assets = $6,500 Monthly credit payments = $1,200 Monthly savings = $600 Net worth = $84,500 Current liabilities = $2,400 Take-home pay = $3,100 Gross income = $5,900 Monthly expenses = $3,640 Multiple Choice 10.17% 38.71% 38.46% О 1.79% 2.71%so.4 A credit card has a $730 balance and a 18.44% annual percentage rate the minimum required monthly payment is 2.83% of the balance estimate the credit card balance after 54 payments.
- In cell E7, add a formula that calculates the monthly payment amount assuming that the payment is due at the beginning of the month. Subtract the “Downpayment” amount from the principle. (Use the PMT Function as Formula in Excel)Calculate the finance charge (in $), the finance charge per $100 (in $), and the annual percentage rate for the installment loan by using the APR table, Table 13-1. (Round dollar amounts to the nearest cent.)So.2
- Calculate the finance charge (in $), the finance charge per $100 (in $), and the annual percentage rate for the installment loan by using the APR table, Table 13-1. (Round dollar amounts to the nearest cent.) AmountFinanced Number ofPayments MonthlyPayment FinanceCharge Finance Chargeper $100 APR $17,910 48 $550.47 $ $ %What is the apr? Please solve this question general Accounting questionAncient Grains Unlimited has an accounts receivable turnover ratio of 3.34 times. The net credit sales for the year are $567,920. What is the days sales in receivables ratio for 2018 (rounded to the nearest whole number)? A. 190 days B. 109 days C. 110 days D. 101 days