Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. ingraham inc. currently has $920,000 in accounts r

Ingraham Inc. currently has $920,000 in accounts receivable, and its days sales outstanding (DSO) is...

70.2K

Verified Solution

Question

Finance

image
Ingraham Inc. currently has $920,000 in accounts receivable, and its days sales outstanding (DSO) is 50 days. It wants to reduce its DSO to 35 days by pressuring more of its customers to pay their bills on time. If this policy is adopted, the company's average sales will fall by 25%, What will be the level of accounts receivable following the change? Assume a 365 -day year. Do not round intermediate calculations. Round your answer to the nearest cent

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Accounting
1.2K views

From the Income Statement, Balance Sheet, and Statement ofChanges in Owners’ Equity, and Statement...

Physics
1.2K views

1- what is the relationship between integrity and necessity of enforcement ? 2- what is the relationship...

Psychology
1.2K views

Provide a PARAGRAPH description of each of the three experiments below: 1.) Asch Conformity Experiment. 2.)...

General Management
1.2K views

Discuss the value of privacy from both ethical and legal perspectives. Refer to ethical theory and...

Finance
1.2K views

Johnsn and Hill formed a company, and 2018 was their first year of operation. To establish Johnson...

Biology
1.2K views

Choose the correct answer President Nixon pushed a more conservative agenda and was able to...

Basic Math
1.2K views

Which model would best represent the scatter plot shown at the right a Cubic b...

Basic Math
1.2K views

The value of a laptop t years after it is purchased is given by the...

Basic Math
1.2K views

By studying the standard deviation formula, given below, explain why the standard deviation of a...

Accounting
1.2K views

Riverbed Limited began operations on January 2,2022. Riverbed employs 11 individuals who work eight-hour days...

Accounting
1.2K views

Quetzaltenango Candle Inc. projected sales of 59,000 candles for March. The estimated March 1 inventory...

Accounting
1.2K views

Cooper opened a savings investment with $1,000 in January 2011. At the end of January...