(Solution) 12/5/13 Ce Nga Ge NOW | Online Te A C Hing A Nd Le A R Ning R E Sour C E F R Om Ce Nga Ge Le A R Ning As S Ignment Sc Or E:00% Assign Men T: HW 1 3... | Snapessays.com


(Solution) 12/5/13 Ce nga ge NOW | Online te a c hing a nd le a r ning r e sour c e f r om Ce nga ge Le a r ning As s ignment Sc or e:00% Assign men t: HW 1 3...


please see attached12/5/13

 

CengageNOW | Online teaching and learning resource from Cengage Learning

 

west.cengagenow.com/ilrn/takeAssignment/takeAssignmentMain.do

 

1/1

 

Cengage Learning

 

Assignment: HW 13 ­ Ch 16

 

Assignment Score: 0.00%

 

Save

 

Exit

 

Submit Assignment for Grading

 

Problem 16­2

 

Receivables investment

 

Lamar Lumber Company has sales of $8 million per year, all on credit terms calling for

 

payment within 30 days? and its accounts receivable are $2 million. Assume 365 days in

 

year for your calculations.

 

a. What is Lamar's DSO? Round your answer to two decimal places.

 

days

 

b. What would DSO be if all customers paid on time? Round your answer to two decimal

 

places.

 

days

 

c. How much capital would be released if Lamar could take actions that led to on­time

 

payments? Round your answer to the nearest cent.

 

$

 

Questions

 

Question 2 of 10

 

2.

 

3.

 

4.

 

5.

 

6.

 

7.

 

8.

 

9.

 

10.

 

Check My Work

 

eBook

 

Check My Work

 

100% Correct

 

Partially Correct

 

Visited, Not Yet Judged

 

Incorrect

 

Needs Instructor Grading

 

Not Intended for Grading

 

Question 2 of 10

 

Save

 

Exit

 

Submit Assignment for Grading

 

Cengage Technical Support

 


Solution details:
STATUS
Answered
QUALITY
Approved
ANSWER RATING

This question was answered on: May 23, 2022

Solution~00021147602188.zip (25.37 KB)


This attachment is locked

Our expert Writers have done this assignment before, you can reorder for a fresh, original and plagiarism-free copy and it will be redone much faster (Deadline assured. Flexible pricing. TurnItIn Report provided)

Pay using PayPal (No PayPal account Required) or your credit card . All your purchases are securely protected by .
SiteLock

About this Question

STATUS

Answered

QUALITY

Approved

DATE ANSWERED

May 23, 2022

EXPERT

Tutor

ANSWER RATING

GET INSTANT HELP

We have top-notch tutors who can do your essay/homework for you at a reasonable cost and then you can simply use that essay as a template to build your own arguments.

You can also use these solutions:

  • ■ As a reference for in-depth understanding of the subject.
  • ■ As a source of ideas / reasoning for your own research (if properly referenced)
  • ■ For editing and paraphrasing.

This we believe is a better way of understanding a problem and makes use of the efficiency of time of the student.

Get Free Price Quote