Use the information in the table below to answer the questions concerning Company Cs current...
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Accounting
Use the information in the table below to answer the questions concerning Company Cs current credit policy.
| net 40 | |
| Sales | $9,000,000 |
| Lag factor | 3 |
| Cost of capital | 8% |
| Bad debt, % sales | 5% |
| Cost of goods sold, % sales | 79% |
| G&A, % sales | 9% |
1. What is the present value of the firms daily net sales?
2. What is the firms daily cost of good sold?
3. What is the firms DSO (Net + lag factor)?
4. What is the present value of the firms daily G&A expense?
5. What is the net present value of the firms current policy?
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You can see the logs in the Dashboard.