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lesya692 [45]
2 years ago
15

Garcia Industries has sales of $176,500 and accounts receivable of $18,500. The industry average DSO is 27 days, based on a 365-

day year. If the company changes its credit and collection policy sufficiently to cause its DSO to fall to the industry average, and if it earns 3.0% on any cash freed-up by this change, assuming other things are held constant. How much would the net income be affected?
Business
1 answer:
Brilliant_brown [7]2 years ago
5 0

Answer: 176,500 = 372,879

Explanation:

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What are the portfolio weights for a portfolio that has 185 shares of Stock A that sell for $64 per share and 115 shares of Stoc
statuscvo [17]

The portfolio weights for a portfolio that has 185 shares of Stock A that sell for $64 per share is: 0.6775; 0.3325.

<h3>Portfolio weight for each stock</h3>

First step

Total value = 185($64) + 115($49)

Total value = $17,475

Second step

Portfolio weight for each stock is:

Portfolio weight A = 185($64)/$17,475

Portfolio weight A = .6775

Portfolio weight B = 115($49)/$17,475

Portfolio weight B = .3225

Therefore the portfolio weights for a portfolio that has 185 shares of Stock A that sell for $64 per share is: 0.6775; 0.3325.

The portfolio weights for a portfolio that has 185 shares of Stock A that sell for $64 per share is: 0.6775; 0.3325.

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8 0
2 years ago
Future value: Ning Gao is planning to buy a house in five years. She is looking to invest $25,000 today in an index mutual fund
Gemiola [76]

Answer:

$44,059

Explanation:

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By applying the future value formula, we calculated the future value by considering the present value, interest rate, and the time period

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3 years ago
Net income $ 15,500 Cash dividends paid to stockholders 3,600 Cash proceeds from sale of land 3,800 Cash proceeds from bank loan
lozanna [386]

Answer: 3500

Explanation:

The company would report net cash provided by (used in) financing activities based on the following:

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Cash flow on financing activity will now be:

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5 0
3 years ago
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Nuetrik [128]

Given that Daniel spent months writing a business plan, this goes to show that Daniel understands the steps needed to start a small business.

<h3>What is a business plan?</h3>

This is a plan that shows the details of a business company. The document shows the objectives that the company has.

This document also tells how the business plans to go about achieving all the goals that it has set for itself.

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6 0
2 years ago
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guajiro [1.7K]

Answer:

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Other costs which are mentioned in the question is ignored.

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