how much is the average daily collection?

Q: Each business day, on averagem a company writes checks totaling $36,000 to pay its suppliers. THe…

A: As soon as a cheque is deposited, a bank credits the account of the consumer. However, the process…

Q: SimpleFlight Inc has a policy of keeping accounts receivables at 47 days of sales. In 2019 they…

A: Days of sales outstanding or days of sales outstanding is a ratio that helps analyze the average…

Q: Provide Answer with Calculation

A:

Q: During a normal month, Jank's receives a total of nine checks with a total value of $237,400. On…

A: Total value of the checks=  $237,400Number of days = 1Number of Days in a Month = 30

Q: How much is the average daily disbursement float? How much is the average daily collection float?…

A: The net float is calculated as difference in average daily disbursement float and average daily…

Q: Average trade collections and disbursement are P72,000,000 and P57,600,000 per year. It takes a…

A: Float in banking occurs when there is a time difference between the checks deposited and checks…

Q: The Malibu Corporation has annual credit sales of $36 million. The average collection period is 38…

A: Day sales in receivables= 365/receivables turnover38 =365/ receivables turnoverreceivables turnover=…

Q: 2. RWC Incorporated has a monthly ledger balance and deposit float of $200,000 and $25,000,…

A: Liabilities can be divided into two categories: current and long-term. Unlike current liabilities,…

Q: Simon Corporation has daily cash receipts of $70,000. A recent analysis of its collections indicated…

A: The collection float is the time taken to collect the receivables. It is created when the firm…

Q: dit terms of net 30. Its accounts are, on average, 7 days past due. Annual credit sales are $9.6…

A: The accounts receivable would be the proportionate annual credit sale amount pending on the balance…

Q: need answer

A:

Q: Assume the credit terms offered to your firm by your suppliers are 4/20, net 50. Calculate the cost…

A: Hi student Since there are multiple questions, we will answer only first question. If you want…

Q: a.  How long is cash typically tied up in inventories? (Show computations) b.   What would be the…

A: a)-The Inventory conversion period In the question it takes 80 days to collect the sales receivable…

Q: As of January 1, 2021, NUBD Co. had an accounts receivable of P500,000. The sales for January,…

A: Given that, Opening balance of accounts receivables = P500000 Sales for the month of Jan = P1200000…

Q: average investment in accounts receivable?

A: Average investment in accounts receivable = Accounts receivable average collection period * Annual…

Q: Yoxo Company writes checks totaling P3,000. These checks clear in 7 days. Simultaneously, the…

A: Collection Float = Checks received per day × clearing time in days   Disbursement Float = Amount of…

Q: What is the firm's cash (conversion) cycle?

A: Information provided: Inventory Conversion Period = 38 days Receivables Collection Period = 19 days…

Q: A company receives three check per month. Each is for $25,000. The number of days float on the first…

A: A check is a financial document issued by one person to the bank that orders a bank to pay a…

Q: National Company writes checks averaging P12,000 a day, and it takes seven days for these checks to…

A: Net Float for a firm refers to the deviation that occurs between the book balances and actual…

Q: Which one of the following statements is correct if a firm has a receivables turnover of 10? It…

A: In this question, we are required to determine the correct statement related to receivables turnover…

Q: The Dire Corporation has an inventory conversion period of 75 days, a receivables collection period…

A: Formula: cash conversion cycle = inventory conversion period + receivables collection period -…

Q: Route Canal Shipping Company has the following schedule for aging of accounts receivable: Age of…

A: Accounts receivable aging is a periodic report that categorizes a company's accounts receivable…

Q: balance of 600

A: Given information : Cash balance 500000 Cash collections 2170000 Cash disbursements 2430000…

Q: Han Corp's sales last year were $300,000, and its year-end receivables were $49,000. The firm sells…

A: The objective of the question is to find out the average number of days late that customers pay…

Q: Tulips Company has a DSO of 40 days, and its annual sales are P7,300,000. What is its accounts…

A: Accounts receivables are the average amount of money to be charged on credit by the consumers who…

Q: Each business day, on average, a company writes checks totaling $14000 to pay its suppliers. The…

A: Disbursement float is the delay of time between of writting the check and reduction in the amount in…

Q: Each business day, on average, a company writes check totaling $38,500 to pay its suppliers. The…

A: The float discuss about the money within the banking system. Due to time gaps in registering a…

Q: A firm has no cash sales (all sales are on credit and are collected 28 days after the sale). If the…

A: Average collection period is one of efficiency ratio which is used in business. This shows time…

Q: Z Corporation has a cash balance of P500,000 at the beginning of the month. Based on its forecast…

A:

Q: The firm's bank charges $18 per wire and $0.50 per EDT. The EDT takes one day longer to clear. The…

A: Since  The minimum transfer balance= TBAL TBAL=Incremental costDS×(K-ECR(1-RRR))365 Where: DS= Days…

Q: Shannara Manufacturing writes 30 checks a day for an average amount of $497 each that generally…

A: The term "cheque collection float" describes the little delay that occurs between the time one…

Q: Medwig Corporation has a DSO of 27 days. The company averages $9,750 in sales each day (all…

A: The objective of the question is to calculate the average accounts receivable of Medwig Corporation…

Q: Cook Security Systems has a $37,500 line of credit, which charges an annual percentage rate of prime…

A: Interest rate applicable = Prime rate + premium Interest will be charge when the line of credit…

Q: On an average day, Town Center Hardware receives $2,420 in checks from customers. These checks clear…

A: Maximum amount this store should pay to completely eliminate its collection float =receives  checks…

Q: oration receives checks that amount to P400,000 each day, whereas the amount of checks the company…

A: Net float is  difference of amount to be received and amount to be paid considering check clearing…

Q: Medwig Corporation has a DSO of 21 days. The company averages $9,250 in sales each day (all…

A: Ratio analysis used identify the business performance of the company. It is used to measure…

Q: On a typical day, a company writes 85 checks worth a total of $10,800 that clear in 3.75 days. The…

A: Collection float cost = 14830*3.25 = $48197.5disbusrement float = 10800 * 3.75 =…

Q: Each business day, on average, a company writes checks totaling $39,000 to pay its suppliers. The…

A: Here,Total Written Checks is $39,000Clearing time for written checks is 3 daysTotal amount of…

Q: A firm has total annual sales (all credit) of P1,200,000 and accounts receivable of P500,000. How…

A: Accounts receivable days = (Accounts receivables / Credit sales) x 365

Q: NEKO Inc. has a positive net float of P6,000. The mail time and clearing time for all the checks…

A: Float is referred to the time interval when a check is written and when it gets cleared. Some of the…

Q: Larry Imports writes three checks a day for an average amount of $11,500 each. These checks…

A: The answer is Net collection float of -$52,950.Explanation:Net float is the difference between the…

Q: The Jeremy Flores Club has annual revenue of EUR 7 million and all sales are on account. Good credit…

A: 1. Max account receivables = ACP×sales365 =30×7 million365=EUR 575,342

Q: how much should Z borrow

A: Borrowing indicating the required amount from outside cashflow for keeping the required amount of…

Q: If ABC Corporation has annual credit sales of Ᵽ990,000 and its average accounts receivable is…

A: The Numerical has covered the concept of Accounting Ratio.  The Formula is used to calculate the…

Q: The firm's bank charges $18 per wire and $0.50 per EDT. The EDT takes one day longer to clear. The…

A: Since  Minimum Transfer Balance (TBAL)=Incremental costNo. of days saved×(Investment Opportunity…

Inventory Accounting

Inventory accounting is that branch of accounting that helps in determining the specific value of assets at different stages of production and development.