Calculating cycles and factoring receivables

1-Your firm has a average collection period of 34 days. Current price is to factor all receivables immediately at a 2% discount. What is the effective cost of borrowing in this case? Assume that the default is extremely unlikely.


Don't use plagiarized sources. Get Your Custom Essay on
Calculating cycles and factoring receivables
Just from $13/Page
Order Essay

2- Calculating Cycles: Consider the following financial statements information:

inventory beginning 8,732 and ending 9,418

accounts receivable 3,3721 and ending 4,162

accounts payable 4,384 and ending 4,791

net sales 138,503

cit’s of goosold old 86,313


Calculate the price of your paper

Total price:$26
Our features

We've got everything to become your favourite writing service

Need a better grade?
We've got you covered.

Order your paper