Joe received a DUI violation while partying last Christmas and he was found guilty by the court. His real estate license is due
1 answer:
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Answer:
Explanation: Cost of equity can be defined as the return that the investors demand for bearing the risk of ownership in company's equity shares. It can be computed by using CAPM model which is represented as follows :-
cost of equity = risk free rate + beta *(market risk premium)
= 9.15%
Answer: The average collection period of the receivables in terms of days was 73 days.
Explanation:
Given that,
Accounts Receivable at the beginning of the year = $390,000
Accounts Receivable at the end of the year = $410,000
Net credit sales during the year = $2,000,000
Average collection period of the receivables in terms of days:
Average accounts receivables =
= 4,00,000
Net credit sales = = 5
∴ Accounts receivable days =
= 73 days
The average collection period of the receivables in terms of days was 73 days.