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 answer a. P8,000.00 b. P9,000.00 c. P19,000.00 d. P29,000.00 e. P39,000.00

Net Credit Sales = 12,000. Accounts receivable turnover = 18.8 times. Cost of goods sold = 2,000. Days in Year = 365 days. How much is average collection period in days?

Receivables Investment Snider Industries sells on terms of 2/10, net 45. Total sales for the year are $1,300,000. Thirty percent of customers pay on the 10th day and take discounts; the other 70% pay, on average, 50 days after their purchases. Assume a 365-day year.   What is the days sales outstanding? Do not round intermediate calculations. Round your answer to the nearest whole number.   days What is the average amount of receivables? Do not round intermediate calculations. Round your answer to the nearest dollar. $   What would happen to average receivables if Snider toughened its collection policy with the result that all nondiscount customers paid on the 45th day? Do not round intermediate calculations. Round your answer to the nearest dollar. $

What is the effective annual cost of credit terms of 3/15 net 30, if the firm stretches. the accounts payable to 60 days? A) 28.03% B) 1.7% OC) 12.65% OD) 3.35%

Average account receivables-60 days, Inventories-85 days, Average account payable-55 days Company spends Rs.21, 00,000 annually and can earn 10% on its investments. (i) Find out cash cycle and cash turnover assuming 360 days in a year, (ii) Minimum amount of cash required to meet the payment. Also calculate the above, if inventory age is reduced to 75 days. What will be the savings for the company?

How much is the net working capital? What is the current ratio? (Accounts Receivable is good for two months and Notes Receivable is good for eight months) What is the quick ratio?

Suppose that LilyMac Photography has annual sales of $233,000, cost of goods sold of $168,000, average inventories of $4,800, average accounts receivable of $25,600, and an average accounts payable balance of $7,300.Assuming that all of LilyMac’s sales are on credit, what will be the firm’s cash cycle? (Use 365 days a year. Do not round intermediate calculations. Round your final answer to 2 decimal places.)

A firm has sales of $1.4 million, and 10 percent of the sales are for cash. The year-end accounts receivable balance is $205,000.   What is the average collection period? (Use 365 days in a year. Do not round intermediate calculation. Round the final answer to the 1 decimal place.)   Average collection period             days 76thjbnn

A company can issue a 45-day $10 million commercial paper at a rate of 4.50%. It can reduce the rate to 4.35% if it is backed by a standby letter of credit (SBLC). A bank is willing to issue the SBLC for a fee of 10 basis points. The following is true:   A The fee for issuing the SBLC is $10,000                                                                                                                                     B The net savings to the issuer is $1,250                                                                                                                            C The amount received by the issuer for the commercial paper without an SBLC is $9,945,625.                                                                                                                          D The difference in the amount received by the issuer with and without the SBLC is $1,875.

Receivables Investment Snider Industries sells on terms of 2/10, net 35. Total sales for the year are $1,400,000. Thirty percent of customers pay on the 10th day and take discounts; the other 70% pay, on average, 40 days after their purchases. Assume a 365-day year.   What is the days sales outstanding? Do not round intermediate calculations. Round your answer to the nearest whole number.  days What is the average amount of receivables? Do not round intermediate calculations. Round your answer to the nearest dollar. $   What would happen to average receivables if Snider toughened its collection policy with the result that all nondiscount customers paid on the 35th day? Do not round intermediate calculations. Round your answer to the nearest dollar. $