Given an annual credit sales value of 365 million; accounts receivable beg. 36.5 million, cost of goods sold of 240 million, and beginning inventory of 20 million, how long is the average colelction period? (assume 365 days in a year)

Q: present value of $153,000 to be received in 14 years from today. Assume a per annum discount rate…

A: The present value of the amount can be computed as follows:- Present value= Amount/ (1+r)^n Amount =…

Q: Describe term net asset value (NAV)?

A: Net asset value (NAV): It describes an entity's net worth, which is measured as the complete value…

Q: What would be the annual percentage yield for a savings account that earned $60.00 in interest on…

A: Annual Precentage Yield = (Annual interest / Principal amount ) x 100Note : 365 days = 1 year

Q: A company has a collection period of 37 days and factors all receivables immediately at a discount…

A: The company sells credit to their customer. The average number of days it takes a company to get…

Q: Consider a loan of 1,000,000 which is to be amortized by 60 monthly payments. The interest rate is…

A: Loan Amount = 1,000,000 Interest Rate = 10% Time Period = 60

Q: A $183900 Ioan is repaid by 23 payments of $2500 each at the end of quarter, followed by 29 payments…

A: Loan is contract between lender & borrower where lender provide funds to borrower for definite…

Q: A 161,781 loan is being repaid with monthly payments for 8 years. The first payment is 800 and is…

A: A loan is a contract between a lender and a borrower where the lender forwards a fixed amount to the…

Q: Suppose that a company borrows 20,000 for 1 year at a stated rate of interest of 9 percent. What is…

A: Annual percentage rate (APR) if interest is paid to the lender annually = (1 + Stated rate / Number…

Q: You are presented with the following information extracted from your organisation’s financial…

A: Projected cash flows are as follows: Resultant table:

Q: If a loan is made at 9.24% compounded quarterly, what loan today could be paid off by making 45…

A: A theory that helps to compute the present or future value of the cash flows is term as the TVM…

Q: Consider a loan of $98,000 at 7% compounded annually, with 12 annual payments. Find the following.…

A: Loan amortization can be defined as the procedure of amortizing the loan in such a way that the loan…

Q: what is the nominal annual rate of interest compounded quarterly if a loan of $25,000 is repaid in…

A: The act in which one person or entity provides funds to another person for defined term and agreed…

Q: What is the present value of $452,000 to be received in 6 years from today.  Assume a per annum…

A: Compound interest is one of the form of interest in which interest is charged on both principal as…

Q: You are told that the nominal rate of interest is 3.46% per quarter year payable monthly. Calculate…

A: Nominal Rate of Interest = r = 3.46%Interest rate compound = rc = Quarterly = 4Payable Compound = pc…

Q: If a $27,000 loan is repaid by end of month payments of $640 and interest is at 9% compounded…

A: Loan amount = $ 27000 Monthly payment = $ 640 Interest rate = 9% Monthly interest rate = 9%/12 =…

Q: A debt of $42,000 is repaid over 10 years with payments occurring semi-annually. Interest is 3%…

A: To find the size of the periodic payment, we can use the formula for the present value of an…

Q: Find the annual simple interest rate of a loan, where $300 is borrowed and where $315 is repaid at…

A: Simple interest is an amount of interest that is paid on the principal portion of a loan or deposit.

Q: If you were to use the TVM Solver to determine how much money would be in an account (that earns…

A: Future value(FV) is value of current amount at future date that is computed by compounding current…

Q: What would be the annual percentage yield for a savings account that earned $54 in interest on $750…

A: Investment amount = $750Interest earned = $54

Q: If the annualized cost of the trade credit discount is 7.37%, what is the net trade credit period?…

A: Trade credit is a form of financing provided by suppliers to their customers. It allows customers to…

Q: f the nominal rate is 11.5% per year compounded continuously, what is the equivalent effective rate…

A: Nominal rate = 11.5% compounded continuously We need to find bi-monthly rate, where there are 24…

Q: Taylor Company provides the following information: Annual credit sales : $ 24,000,000 Collection…

A: Average collection period means the average time period with in which the debtor makes the payment.…

Q: Assume that you take out a $3000 loan for 47 months at 6.5% APR. How much total interest will you…

A: Loan amount = $ 3000 Period = 47 Months APR = 6.5%   To Find: Total Interest paid

Q: A debt of ​$36,000 is repaid over 12 years with payments occurring monthly. Interest is 12%…

A: A loan is a contract between two entities where one forwards a fixed sum of money to the other in…

Q: You borrow a GPM of $120,000 with annual payments and 30-year term.  The interest rate is 10%. The…

A: Here's how you can solve this problem using Excel:a. Annual Payments for Years 1 to 30Set up a…

Q: A business received a for year $2,000,000 loan at an interest rate of 7% per year. The principal is…

A: NPV means PV of amount which is receive or pay in future. NPV can be find by using discounting rate…

Q: A loan of $401,000 at 5.02% compounded quarterly was to be settled with month-end payments of…

A: Future worth is computed by multiplying the existing value with a given interest rate.