The Omani trade company manager put a plan to increase the days' sales outstanding in (2021) by (17%) out of the year (2020). Suppose the other things are unchanged; how much will this plan add an amount to the accounts receivable? If you know, account receivable, and sales were (150, 2000) thousand RO in 2020, respectively. (Note; Write all related Equations regarding the questions)
Q: Assume the 3-month rate on AAA-rated banker’s acceptance is currently trading at 4% p.a. (per…
A: A letter of credit is a letter from a bank guaranteeing that a buyer's payment to a seller will be…
Q: goblets Ltd is expanding in 2021 and would like to obtain a lon from a bank in order to finance its…
A: Computation of the EAR for each loan is shown as follows: Formulation is shown: To open the "EFFECT…
Q: On October 31, 2020, Tarling Company negotiated a one-year 100,000-franc loan from a foreign bank at…
A: This question require us to make journal entry for the borrowing and interest expense. When one…
Q: Firm ZLC will be receiving payments of $10,000 per month for consulting services, with first payment…
A: Future value of annuity The future value of annuity refers to the total value of the investment at…
Q: nd a minimum required rate of return of 10%. the current average age of receivables is 70 days but…
A: Income is a residual amount left after netting of net expenses incurred to earn that profit. The net…
Q: A company plans to tighten its credit policy. The new policy will decrease the average number of…
A: In a credit policy if the collection period is reduced, the turnover of the business and accounts…
Q: If the bank compounds interest annually, how much will you have in your account on January 01, 2021?
A: It has been given in the question that the interest which a bank credits into the account has been…
Q: Rose Company currently uses maximum trade credit by not taking discounts on its purchases. The…
A: Trade credit is offered to the customers in order to encourage them for the early cash payment. Some…
Q: average investment in accounts receivable?
A: Average investment in accounts receivable = Accounts receivable average collection period * Annual…
Q: Goblers Ltd is expanding in 2021 and would like to obtain a loan from a bank in order to finance its…
A: Loan is a value which is borrowed from the other sources like banks and this amount is repaid later…
Q: A company plans to tighten its credit policy. The new policy will decrease the average number of…
A: Credit Policy is very crucial for company's working cycle. It should be optimal so that the…
Q: ection period. BECK does not offer discounts for early payment; thus, customers take the full 30…
A: Basic concept of cash discount and receivable collection period
Q: If your Visa credit card has an APR of 14.49%, compounded monthly and your current balance is…
A: APR is 14.49% Compounded monthly Current Balance is $425.69 Time period 1 year Minimum monthly…
Q: If the total Accounts Receivable of HAPPY ENTERPRISES is 560,000 and gives its customers a 5%…
A: Accounts Receivable means accounts of those customers to whom business has made credit sales on…
Q: 3) Suppose that on January 1, 2019 a bank lends $20,000 to a person. The bank and the individual…
A: The nominal interest rate and the real interest rate are important elements to determine the cost of…
Q: Assuming a 360-day year, when a $17,100, 90-day, 8% interest-bearing note payable matures, total…
A: The note payable is issued to creditor as a promise to pay in future.
Q: Merchandise is received for $25,000 now and $50,000 in 6 months. If $10,000 is paid within a month,…
A: Honor code: Since you have asked multiple questions, we will solve the first question for you. If…
Q: Assume that 3-month Treasury bills totaling $15 billion were sold in $10,000 denominations at a…
A: Note: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question…
Q: The Omani trade company manager put a plan to increase the days' sales outstanding in (2021) by…
A: Days sales outstanding = (Accounts Receivable / Sales) *365
Q: Leftway Information Systems is considering a contract with the Ibernian government to supply…
A: Internal rate of return is the capital budgeting technique that can be used for evaluating…
Q: Z Corporation has a cash balance of P500,000 at the beginning of the month. Based on its forecast…
A:
Q: Similarly to the Gilbert Lumber Company case, suppose today is January 1, 2020 and your company,…
A: A loan amortization table is a schedule of repayment of the loan with the bifurcation of interest…
Q: 58. ABC Company plans to tighten its credit policy. The new policy will decrease the average number…
A: The questions are multiple choice questions Required Choose the Correct Option.
Q: Suppose the central bank of Oman issued Treasury bill on behalf of the government. The maturity of…
A: Calculate the discount on the Treasury bill by multiplying the face value of Treasury bill which is…
Q: Rose Company currently uses maximum trade credit by not taking discounts on its purchases. The…
A: Given, Net purchases per day are P11,760 Interest rate is 10% Discount rate is 2%
Q: FP Co. buys on terms 2/10, net 30, but generally does not pay until the 40 days after invoice date.…
A: FP Co. buys on terms 2/10, net 30, but generally does not pay until the 40 days after invoice date.…
Q: To pay its supplier, Tokyo Corporation requires P300,000. The bank of Tokyo Corporation offers a…
A: Compensating balance Sometimes it is required at bank to keep a deposit of funds to qualify for the…
Q: Assuming a 360-day year, when a $14,700, 90-day, 12% interest-bearing note payable matures, total…
A: The term note payable refers to the promissory agreement between two parties in which one party…
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: Brady and Sons uses accounts receivable as collateral to borrow money for operations and payroll…
A: Interest is the amount of charge that is being levied on invested amount. It can be simple interest…
Q: What is the approximate amount of each payments that Yumati will need to make?
A: Here is the calculation for the above question.
Q: it sales at tens o ndards would inc od form 30 days
A: Current Credit Sales = 40500000*80%= 32400,00 Account receivable current = 32400000*30/360=2700,000…
Q: Solve the following problem with supporting computations presented in good form: On December 31,…
A: Journal Entries:- Journal entries are the first step of recording business transactions. After…
Q: In 2018, Bank Nizwa earned annual profit attributable to mudharabah depositors (mudharabah mutlaqah)…
A: Rate of return: It is the percentage rate at which a depositor earns on its deposits.
Q: I deposited Rs. 3 million of my money in a Habib Bank Limited, State Bank of Pakistan: Required rate…
A: RRR is a percentage of deposits which commercial bank have to keep as direction given by central…
Q: Gab Company expects that it will need P600,000 cash for March 2022. Possible means of financing are:…
A: We need to compute cost involved with each strategy
Q: Vakifbank has recently sent me an SMS message telling that their monthly interest rate for unpaid…
A: Effective rate of interest = [(1+ (Nominal rate/m) )]^m -1
Q: Bulalugaw's net sales for 2020 is 240,000. 30% of it was on credit. In 2019 their accounts…
A: Accounts receivable turnover ratio is a type of activity ratio which is computed to check the…
Q: Lowe and Price Co has annual credit sales of $12,000,000, and three months are allowed for payment.…
A: We will calculate the reduction in accounts receivables. After that using that reduction we can…
Q: The bank is paying 6.68% compounded annually. The inflation is expected to be 15.22% per year. What…
A: Inflation is the increase in the general price levels. It reduces the purchasing power of money.
Q: It is January 1st, 2020. A bank has five more years remaining in a currency swap according to which…
A: The value of a swap derivative contract is calculated as the difference between present value of…
Q: You have just received an offer from a bank for a credit card with a quoted rate, or APR, of 18…
A: In the given question we need to compute the Effective annual rate (EAR).
Q: Brady and Sons uses accounts receivable as collateral to borrow money for operations and payroll…
A: Given information: Amount borrowed $300,000 Interest rate up to 4 months 12% Interest rate after 4…
Q: Goblers Ltd is expanding in 2021 and would like to obtain a loan from a bank in order to finance its…
A: Given, Bank Interest on Loan (r) Number of Compounding (n) TMN 10.50% 2 (Bi-annual) DEF…
Q: Merchandise is received for $25,000 now and $50,000 in 6 months. If $10,000 is paid within a month,…
A: Solution:- Balance due in three months means the value outstanding at third period.
Q: If RM70,000 is deposited now into a saving accounts that earn 8% per year, what uniform annual…
A: Present Value: The present value is the value of cash flow stream or the fixed lump sum amount at…
Step by step
Solved in 2 steps
- Suppose Naboo Manufacturing's sales increase 20% over the next year. Assuming that all asset accounts change proportionately to sales, what will the company be paying in taxes in 2020?Data are as follows: In year 2020, sales are 150,000 units with Selling price per unit of 10 and VC per unit iof 6.50 per unit. Fixed cost is 155,000 and Interest cost is 90,000. Q3. Assume that the company expects to have sales increase by 20%, what will be the resulting change in EBIT in year 2021? A• 25% B• 26.45% C• 33.33% D• 28.38%Paradise At Sea's sales are exptec to increase by 15% from $8 million in 2018 to $9.2 million in 2019. Its assets totaled $5 million at the end of 2018. The firm is already at full capacity, so its assets must grow at the ssame rate as projected sales. At the end of 2018, current liabilities were $1.4 million, consisting of $450,000 of accounts payable, $500,000 of notes payable, and $450,000 of accruals. The after-tax profit margin is forecasted to be 6%, and the forecasted payout ratio is 40%. Find the sustainable growth rate for this firm. Warnings: Make sure to only include spontaneous liabilities and be careful with switching between thousands and millions....I would recommend using all the "0"s when completing the work. Make sure to state your answer as a percenage with 2 decimals.
- Paradise At Sea's sales are exptec to increase by 15% from $8 million in 2018 to $9.2 million in 2019. Its assets totaled $5 million at the end of 2018. The firm is already at full capacity, so its assets must grow at the ssame rate as projected sales. At the end of 2018, current liabilities were $1.4 million, consisting of $450,000 of accounts payable, $500,000 of notes payable, and $450,000 of accruals. The after-tax profit margin is forecasted to be 6%, and the forecasted payout ratio is 40%. Use the AFN equation to forecast the firm's AFN for the coming year. Warnings: Make sure to only include spontaneous liabilities and be careful with switching between thousands and millions....I would recommend using all the "0"s when completing the work. Make sure to include the "0"s in your answer.Data are as follows: In year 2020, sales are 150,000 units with Selling price per unit of 10 and VC per unit iof 6.50 per unit. Fixed cost is 155,000 and Interest cost is 90,000. Q3. Assume that the company expects to have sales increase by 20%, what will be the resulting change in EBIT in year 2021?(2 Points) • 28.38% • 33.33% • 25% • 26.45%Beasley Industries' sales are expected to increase from $5 million in 2019 to $6 million in 2020, or by 20%. Its assets totaled $2 million at the end of 2019. Beasley is at full capacity, so its assets must grow in proportion to projected sales. At the end of 2019, current liabilities are $700,000, consisting of $120,000 of accounts payable, $350,000 of notes payable, and $230,000 of accrued liabilities. Its profit margin is forecasted to be 4%, and its dividend payout ratio is 50%. Using the AFN equation, forecast the additional funds Beasley will need for the coming year. Do not round intermediate calculations. Round your answer to the nearest dollar.
- For the year ending December 31, 2017, sales for Company Y were $65.71 billion. Beginning January 1, 2018 Company Y plans to invest 6.5% of their sales amount each year and they expect their sales to increase by 4% each year over the next three years. Company Y invests into an account earning an APR of 1.9% compounded continuously. Assume a continuous income stream. How much money will be in the investment account on December 31, 2020? Round your answer to three decimal places. billion dollars How much money did Company Y invest in the account between January 1, 2018 and December 31, 2020? Round your answer to three decimal places. billion dollars How much interest did Company Y earn on this investment between January 1, 2018 and December 31, 2020? Round your answer to three decimal places. If intermediate values are used, be sure to use the unrounded values to determine the answer. billion dollars Submit AnswerFor the year ending December 31, 2017, sales for Company Y were $78.51 billion. Beginning January 1, 2018 Company Y plans to invest 7.5% of their sales amount each year and they expect their sales to increase by 4% each year over the next three years. Company Y invests into an account earning an APR of 2.0% compounded continuously. Assume a continuous income stream. How much money will be in the investment account on December 31, 2020? Round your answer to three decimal places. 84.762 X billion dollars How much money did Company Y invest in the account between January 1, 2018 and December 31, 2020? Round your answer to three decimal places. billion dollars How much interest did Company Y earn on this investment between January 1, 2018 and December 31, 2020? Round your answer to three decimal places. If intermediate values are used, be sure to use the unrounded values to determine the answer. billion dollars Submit AnswerFor the year ending December 31, 2017, sales for Company Y were $72.11 billion. Beginning January 1, 2018 Company Y plans to invest 8.5% of their sales amount each year and they expect their sales to increase by 7% each year over the next three years. Company Y invests into an account earning an APR of 2.0% compounded continuously. Assume a continuous income stream. How much money will be in the investment account on December 31, 2020? Round your answer to three decimal places. X billion dollars How much money did Company Y invest in the account between January 1, 2018 and December 31, 2020? Round your answer to three decimal places. billion dollars How much interest did Company Y earn on this investment between January 1, 2018 and December 31, 2020? Round your answer to three decimal places. If intermediate values are used, be sure to use the unrounded values to determine the answer. billion dollars TEACHER Submit Answer
- For the year ending December 31, 2017, sales for Corporation Y were $65.21 billion. Beginning January 1, 2018 Corporation Y plans to invest 8.5% of their sales amount each year and they expect their sales to increase by 4% each year over the next three years. Corporation Y invests into an account earning an APR of 2.2% compounded continuously. Assume a continuous income stream. How much money will be in the investment account on December 31, 2020? Round your answer to three decimal places. x billion dollars How much money did Company Y invest in the account between January 1, 2018 and December 31, 2020? Round your answer to three decimal places. billion dollars How much interest did Company Y earn between January 1, 2018 and December 31, 2020? Round your answer to three decimal places. If intermediate values are used, be sure to use the unrounded values to determine the answer. billion dollarsFor the year ending December 31, 2017, sales for Corporation Y were $63.21 billion. Beginning January 1, 2018 Corporation Y plans to invest 8.5% of their sales amount each year and they expect their sales to increase by 5% each year over the next three years. Corporation Y invests into an account earning an APR of 1.4% compounded continuously. Assume a continuous income stream. How much money will be in the investment account on December 31, 2020? Round your answer to three decimal places. billion dollars How much money did Company Y invest in the account between January 1, 2018 and December 31, 2020? Round your answer to three decimal places. billion dollars How much interest did Company Y earn between January 1, 2018 and December 31, 2020? Round your answer to three decimal places. If intermediate values are used, be sure to use the unrounded values to determine the answer. billion dollarsFor the year ending December 31, 2017, sales for Company Y were $73.91 billion. Beginning January 1, 2018 Company Y plans to invest 9.5% of their sales amount each year and they expect their sales to increase by 4% each year over the next three years.Company Y invests into an account earning an APR of 2.2% compounded continuously. Assume a continuous income stream.How much money will be in the investment account on December 31, 2020?Round your answer to three decimal places. billion dollarsHow much money did Company Y invest in the account between January 1, 2018 and December 31, 2020?Round your answer to three decimal places. billion dollarsHow much interest did Company Y earn on this investment between January 1, 2018 and December 31, 2020?Round your answer to three decimal places. If intermediate values are used, be sure to use the unrounded values to determine the answer. billion dollars