If the number of personal loan applications declined by 9% to 1,821,233. What had been the previous year's number of application?

Q: What's the rate of return you would earn if you paid $2,880 for a perpetuity that pays $65 per year?…

A: Perpetuity is a type of payment at the regular intervals which is likely to continue forever. It is…

Q: Bluewater, Inc. has the following estimated quarterly sales for nex wear. The accounts receivable…

A: We need to use average receivables formula below to calculate expected account receivables at end of…

Q: To

A: 1. To assist in approaching the bank about the loan, paul has asked you to compute the following…

Q: Juan borrowed 3,841 at 1.32% per month payable in 24 equal end-of-the-month payments. What is the…

A: Solution:- Effective interest rate means the net interest rate for the year after the effect of all…

Q: What are total finance charges over that three-year period?

A: Finance charges = Total payment made  - Loan amount.

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: McDowell Industries sells on terms of 4/10, net 40. Total sales for the year are $825,500. Thirty…

A: Discounted customers=15×30%=4.5 days

Q: 10. Naronath & Co. has a.DSO of 30 days, and its annual sales are $6,500,000. What is its accounts…

A: DSO is days sales outstanding. DSO = Accounts Receivable/Sales * 365 Accounts receivable =…

Q: Medwig Corporation has a DSO of 17 days. The company averages $7,750 in sales each day (all…

A: Accounts receivable are the people who owe the company. In simple words these are the people who…

Q: Mr. Husker’s Tuxedos Corporation ended the year with an average collection period of 36 days. The…

A: As per Bartleby honor code, when multiple questions are asked, the expert is required only to solve…

Q: Bulldogs Inc. sells on term 3/20, net 40. Total sale for the year are P1,200,000 on which 40% is…

A: Average amount of account Receivable = Days of sales outstanding x Sales / 360 Days of Sales…

Q: $13,376.39 was the interest earned on lending $94,600.00 for 7 years, what was the quarterly…

A: In compounding there is interest on interest including the principal amount and more is compounding…

Q: Your company forecasts that next year's sales will be $67.00 million and the Days Sales Outstanding…

A: Days Sales Outstanding (DSO): It refers to the time taken by the company in receiving money or…

Q: To assist

A: 1. To assist in approaching the bank about the loan, paul has asked you to compute the following…

Q: Suppose a firm’s monthly account analysis statement shows a service charge of $10,000 and an…

A: The net amount of cash in a checking account is calculated as an earnings allowance, and the credit…

Q: Bingo Inc. sells on term 3/20, net 40. Total sale for the year are P1,200,000 on which 40% is cash…

A: Total sales = P1,200,000 Cash sales = 40%

Q: 17. Zoom has a DSO of 35 days, and its annual sales are $6,500,000. What is its accounts receivable…

A: DSO = 35 days Sales = $6,500,000 Number of days in a year = 365

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: Until recently, Augean Cleaning Products sold its products on terms of net 68, with an average…

A: As per the given information: Changed terms - 3/10, EOM, net 68 Current sales - $100 Cost - $88…

Q: A company's current revenue is $62,272 per year. Because new competitors have entered the market, It…

A: EUAB is Equivalent Uniform Annual Benefit. It is the equivalent cost and benefit of the asset spread…

Q: A loan, amortized over 7 years, is repaid by making payments of $1,600 at the end of every month. If…

A: Present value is the current value of the amount of money or cash flows that are expected in the…

Q: A company borrows 100,000$ and must repay it in a month. What is the effect of this borrowing on the…

A: Net working capital = Current Assets - Current Liabilities

Q: ABC's sales for this year were $32,250,000 and the Accounts Receivable Turnover Ratio was 15.5. Next…

A: Given, ABC's sales for this year were $32,250,000  &  Accounts Receivable Turnover Ratio was…

Q: Onse took a loan of P2,000 that is repaid by a payment of P2,500 made 24 months later. Find the…

A: Loan amount is P2,000 Amount repaid is P2,500

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: What was the annual (simple) interest rate?

A: Simple interest rate is used to calculate the interest amount on the borrowed capital. We calculate…

Q: A loan of P15 000 is taken out. If the interest rate on the loan is 7%, how much interest is due…

A: Notes Payable - Notes Payable is the liability for the company which needs to be paid after a fixed…

Q: If a firm has sales of $21,752,000 a year, and the average collection period for the industry is 45…

A: Average collection period refers to the number of days a company takes to receive the outstanding…

Q: The following information pertains to Striker Corporation, together with its DSO/ACP of the firms…

A: Investment in accounts receivables can be calculated by using this formula Accounts receivables…

Q: nider Industries sells on terms of 2/10, net 25. Total sales for the year are $600,000. Thirty…

A: Days Sales Outstanding means the number of days taken by the firm to collect the payment from their…

Q: Given an annual credit sales value of 365 million; accounts receivable beg. 36.5 million, cost of…

A: Ratio analysis is a tool that establishes a relationship between the different items. It is used to…

Q: Your company forecasts that next year's sales will be $78.00 million and the Days Sales Outstanding…

A: The objective of the question is to calculate the forecasted accounts receivable for next year based…

Q: nider Industries sells on terms of 2/10, net 35. Total sales for the year are $600,000. Thirty…

A: Days sales outstanding means the average number of days , a customer take , to make payment. This…

Q: Net Credit Sales = 12,000. Accounts receivable turnover = 18.8 times. Cost of goods sold = 2,000.…

A: average collection period in days = 365 days / accounts recievables turnover ratio   Given that,…

Q: The total asset turnover.  (The total assets at the beginning of last year were $2,420,000) The…

A: Lets understand the basics. Total asset turnover ratio also known as asset turnver ratio. It…

Q: NEKO Inc. sells on term 3/20, net 40. Total sale for the year are P1,200,000 on which 40% is cash…

A: Calculation of days of sales outstanding   = 30% x 20 = 6 days    Calculation of credit sales =…

Q: ABC Company's Days Sales Outstanding (DSO) has increased from 20.3 days to 33.7 days this year,…

A: Days Sales outstanding = (Accounts Receivable / Credit Sales)  *365

Q: its after-tax income into such an account. (a) How much will the company have after 7 years if…

A: inflation = 5%

Conversion Cycle

Conversion cycle is also known as cash cycle or net operating cycle. Conversion cycle refers to how much time a company takes to turn its investments which is done from stock or any other financial resources into cash flows from sales.