Data on Shick Inc

question 81

Multiple Choice

Data on Shick Inc.for last year are shown below,along with the days sales outstanding of the firms against which it benchmarks.The firm's new CFO believes that the company could reduce its receivables enough to reduce its DSO to the benchmarks' average.If this were done,by how much would receivables decline? Use a 365-day year. Data on Shick Inc.for last year are shown below,along with the days sales outstanding of the firms against which it benchmarks.The firm's new CFO believes that the company could reduce its receivables enough to reduce its DSO to the benchmarks' average.If this were done,by how much would receivables decline? Use a 365-day year. A) $9,124 B) $8,331 C) $12,100 D) $9,918 E) $7,538

Definitions:

Financial Incentives

Monetary rewards offered to individuals or groups to motivate performance or behavior changes.

Psychological Ownership

The feeling of possessiveness and attachment that a person develops for something they do not legally own.

Legal

Pertaining to laws or the practice of law; conforming to the law or to the rules of a legal institution.

Pay Plan

The system or structure an organization uses to compensate its employees, including wages, salaries, bonuses, and benefits.