Calculating cycles and Factoring receivables
Dakota1-Your firm has a average collection period of 34 days. Current price is to factor all receivables immediately at a 2% discount. What is the effective cost of borrowing in this case? Assume that the default is extremely unlikely.
2- Calculating Cycles: Consider the following financial statements information:
inventory beginning 8,732 and ending 9,418
accounts receivable 3,3721 and ending 4,162
accounts payable 4,384 and ending 4,791
net sales 138,503
cit's of goosold old 86,313
13 years ago
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