Answer:
See below
Explanation:
Given the above information, the average debtor days is computed as seen below.
= Total receivables / Credit sales × 365
Total receivables = $246,000
Credit sales $2,430,000
Then,
Average debtor days
= $246,000 / $2,430,000 × 365
= 36.95 days
Hence, it would take 36.95 days on the average for credit customers to pay off their debts during this past year
Answer:
Risk: The bonds you own will decline if interest rates rise, interest rate risk.
Minimalize:
- Don't buy bonds when interest rates are low or rising. Buy when stable.
- Stick to short term issues (3 - 5 years)
- Buy bond with different maturity dates
Explanation:
Good luck <3
Answer:
Barbara will have $210,349
Mary will have $188,922
Explanation:
Total time of investment is 40 years = age 67 - age 27
After 10 years, Barbara will have $27,633 (this figure used "FV" calculation in excel = FV(7%,10,2000)
Then Barbara put all $27,633 in next 30 years then she will have $210,349 = 27,633 x (1+7%)^30
Mary didn't now invest in first 10 years, but then invests $2,000 per year for the next 30 years, so she will have $188,922 = FV(7%,30,2000)
Where is the question? Thanks.