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Category > Accounting Posted 24 Apr 2017 My Price 2.00

The McCollough Company

The McCollough Company has a variable operating cost ratio of 70 percent, its cost of capital is 10 percent, and current sales are $10,000. All of its sales are on credit, and it currently sells on terms of net 30. Its accounts receivable balance is $1,500. McCollough is considering a new credit policy with terms of net 45. Under the new policy, sales will increase to $12,000, and accounts receivable will rise to $2,500. Compute the days sales outstanding (DSO) under the existing policy and the proposed policy.

 

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Alpha Geek
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Status NEW Posted 24 Apr 2017 04:04 PM My Price 2.00

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file 1493050697-Answer.docx preview (154 words )
T-----------he -----------McC-----------oll-----------oug-----------h C-----------omp-----------any----------- ha-----------s a----------- va-----------ria-----------ble----------- op-----------era-----------tin-----------g c-----------ost----------- ra-----------tio----------- of----------- 70----------- pe-----------rce-----------nt,----------- it-----------s c-----------ost----------- of----------- ca-----------pit-----------al -----------is -----------10 -----------per-----------cen-----------t, -----------and----------- cu-----------rre-----------nt -----------sal-----------es -----------are----------- $1-----------0,0-----------00.----------- Al-----------l o-----------f i-----------ts -----------sal-----------es -----------are----------- on----------- cr-----------edi-----------t, -----------and----------- it----------- cu-----------rre-----------ntl-----------y s-----------ell-----------s o-----------n t-----------erm-----------s o-----------f n-----------et -----------30.----------- It-----------s a-----------cco-----------unt-----------s r-----------ece-----------iva-----------ble----------- ba-----------lan-----------ce -----------is -----------$1,-----------500-----------. M-----------cCo-----------llo-----------ugh----------- is----------- co-----------nsi-----------der-----------ing----------- a -----------new----------- cr-----------edi-----------t p-----------oli-----------cy -----------wit-----------h t-----------erm-----------s o-----------f n-----------et -----------45.----------- Un-----------der----------- th-----------e n-----------ew -----------pol-----------icy-----------, s-----------ale-----------s w-----------ill----------- in-----------cre-----------ase----------- to----------- $1-----------2,0-----------00,----------- an-----------d a-----------cco-----------unt-----------s r-----------ece-----------iva-----------ble----------- wi-----------ll -----------ris-----------e t-----------o $-----------2,5-----------00.----------- Co-----------mpu-----------te
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