Posts by pioneer2006
Total # Posts: 3
Assume that Hickory Copany has the following data related to its accounts receivable: 2005 2006 net sales $1,425,000 $1,650,000 net receivables beginning of 2005:375,000 beginning of 2006:333,500 end of 2005:420,000 end of 2006:375,000 Use these data to compute accounts ...
The lag between purchase date and the date at which payment is due is known as the "terms lag". The lag between the due date and the date on which the buyer actually pays is termed the "due lag", and the lag between the purchase and actual payment dates is ...
Indicate how each of the following six different transactions a company would make would affect (i)cash and (ii) net working capital: a)Paying out a $2 million cash dividend. b)A customer paying a $2,500 bill resulting from a previous sale. c)Paying $5000 previuosly owed to ...