Maurice Tutor

(5)

$15/per page/Negotiable

About Maurice Tutor

Levels Tought:
Elementary,Middle School,High School,College,University,PHD

Expertise:
Algebra,Applied Sciences See all
Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
Last Sign in: 398 Weeks Ago, 6 Days Ago
Questions Answered: 66690
Tutorials Posted: 66688

Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

Experience

  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Business & Finance Posted 21 Jul 2017 My Price 4.00

Melton Electronics

Melton Electronics currently has an average collection period of 35 days and annual sales of $72 million. Assume a 365-day year.

a. What is the firm’s average accounts receivable balance?

b. If the variable cost of each product is 70 percent of sales, what is the firm’s average investment in accounts receivable?

c. If the equal-risk opportunity cost of the investment in accounts receivable is 16 percent, what is the total annual cost of the resources invested in accounts receivable?

d. If the firm can shorten the average collection period to 30 days by offering a cash discount of 1 percent for early payment, and 60 percent of the customers take this discount, should the firm offer this discount assuming its cost of bad debts will rise by $150,000 per year?

 

Answers

Maurice Tutor
(5)
Status NEW Posted 21 Jul 2017 07:07 PM My Price 4.00

Hel-----------lo -----------Sir-----------/Ma-----------dam----------- Â-----------  -----------Tha-----------nk -----------You----------- fo-----------r u-----------sin-----------g o-----------ur -----------web-----------sit-----------e a-----------nd -----------acq-----------uis-----------iti-----------on -----------of -----------my -----------sol-----------uti-----------on.-----------Ple-----------ase----------- pi-----------ng -----------me -----------on -----------cha-----------t I----------- am----------- on-----------lin-----------e o-----------r i-----------nbo-----------x m-----------e a----------- me-----------ssa-----------ge -----------I w-----------ill----------- be----------- ca-----------tch-----------

Not Rated(0)