If the average collection period is 65 days and sales are $75,000, what is investment the average receivables? in
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What is the average investment in receivables of this financial accounting question?
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- If the average age of the inventory is 90 days, the average age of accounts payable is 65 days, and the average age of accounts receivable is 60 days, how many days would be the net cash cycle?What principal will make a profit of $71.99 at 8 ½% in 200 days?The cost of product X is 30 percent of its selling price, and the carrying cost is 8 percent of selling price. Accounts are paid on average 60 days after sale. Sales per month average P25,000. What is the investment in accounts receivable? choose the letter of the correct answera. P8,000.00b. P9,000.00c. P19,000.00d. P29,000.00e. P39,000.00
- What is the returnon an investment that costs $1,000 and is soldafter 1 year for $1,060?What would be the annual percentage yield for a savings account that earned $60.00 in interest on $1,000 over the past 365 days?If a firm has sales of $25,689,00 a year, and the average collection period for the industry is 45 days, what should this firm's accounts receivable be in the firm is comparable to the industry?