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ABC Co. has an average collection period of 40 days. Totalcredit sales for the year were $5,400,000. What is the balance inaccounts receivable at year-end? (Use 360 days in a year. Do notround intermediate calculations. Round your answer to the nearestdollar amount.)

A firm has days' sales in inventory of 105 days, an average collection period of 35 days, and takes 42 days, on average, to pay its accounts payable. Taken together, what do these three figures imply about the firm's operations and its cash flows? 

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Case Study HP Company is suffering declining sales of its medical products .  The president , Toshio Nakao , instructs his controller , Satoshi Kasai , to lengthen asset lives to reduce depreciation expense .  A processing line of medical equipment , purchased for $4 million in January 2020 , was originally estimated to have a useful life of 5 years and a salvage value of $200,000 .  Depreciation has been recorded for 2 years on that basis .  Nakao wants the estimated life changed to 10 years total and the straight - line method continued .  Kasai is hesitant to make the change , believing it is unethical to increase net income in this manner .  Nakao says , " The life is only an estimate , and I've heard that our competition uses a 12 year life on their medical equipment Instructions ( a ) Who are the stakeholders in this situation ? ( b ) Is the proposed change in asset  life unethical ? Give your explanation ( c ) What is the effect of Nakao's proposed change on income before taxes in the year of change ?