Templar Inc. had sales of $95 million this year. Its accounts receivable balance averaged $3.8 million. How long, on average, does it take the firm to collect on its sales? provide answer
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Templar Inc. had sales of $95 million this year. Its accounts receivable balance averaged $3.8 million. How long, on average, does it take the firm to collect on its sales? provide answer
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- TICA Corporation had sales of $72 million this year. Its accounts receivable balance averaged $2.4 million. How long, on average, does it take the firm to collect on its sales?How long, on average, does it take the firm to collect on its sales?How long, on average, goes it rake the firm to collect on its sales?
- Assume the credit terms offered to your firm by your suppliers are 4/20, net 50. Calculate the cost of the trade credit if your firm does not take the discount and pays on day 50. (Hint: Use a 365-day year.) The cost of trade credit is%. (Rounded to two decimal places.) ...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?Collect on its sales ?
- I want answerWhat is the level of its accounts receivable on these general accounting question?Hendrix Corporation had annual sales of $75 million, which occurred evenly throughout the 365 days of the year. Its accounts receivable balance averaged $3 million. How long, on average, does it take the firm to collect on its sales? Answer
