Entries by Grace Wahito

I’m not sure we should lay out $350,000 for that automated welding machine, said Jim Alder, president of the Superior Equipment Company.

March 3, 2020 in /by

I’m not sure we should lay out $350,000 for that automated welding machine, said Jim Alder, president of the Superior Equipment Company. “That’s a lot of money, and it would cost us $94,000 for software and installation, and another $60,000 per year just to maintain the thing. In addition, the manufacturer admits it would cost […]

 

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Medwig Corporation has a DSO of 24 days. The company averages $4,250 in sales each day (all customers take credit

March 3, 2020 in /by

Receivables Investment Medwig Corporation has a DSO of 24 days. The company averages $4,250 in sales each day (all customers take credit). What is the company’s average accounts receivable? Round your answer to the nearest dollar.   Looking for a Similar Assignment? Order now and Get 10% Discount! Use Coupon Code “Newclient”

 

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Cost of Trade Credit

March 3, 2020 in /by

Cost of Trade Credit Calculate the nominal annual cost of nonfree trade credit under each of the following terms. Assume that payment is made either on the due date or on the discount date. Assume 365 days in year for your calculations. Do not round intermediate calculations. 1/15, net 30. Round your answer to two […]

 

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Snider Industries sells on terms of 3/10, net 25. Total sales for the year are $1,250,000. Thirty percent of customers pay on the 10th day and take discounts

March 3, 2020 in /by

Problem 16-06 Receivables Investment Snider Industries sells on terms of 3/10, net 25. Total sales for the year are $1,250,000. Thirty percent of customers pay on the 10th day and take discounts; the other 70% pay, on average, 30 days after their purchases. Assume 365 days in year for your calculations. What is the days […]

 

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