Whether a tax is characterized in the statute imposing it as a privilege tax or an excise. tax is merely a choice of synonymous words, for an excise tax is a privilege tax.â) Thus, the excise tax now before us is, by more complete description, purportedly an. losthorizons.com.
Plantation FL, October 23, 2007âTradeStation Group, Inc. (NASDAQ GS: TRAD) today reported for the 2007 third quarter record net revenues of $40.3 million, record net income of $9.7 million, record earnings per share of 22 cents, and record daily average revenue trades (DARTs) of nearly 88,000.
The calculation of debtor days is: (Trade receivables / Annual credit sales) x 365 days. For example, if a company has average trade receivables of $5,000,000 and its annual sales are $30,000,000, then its debtor days is 61 days.The calculation is: ($5,000,000 Trade receivables / $30,000,000 Annual sales) x 365 = 60.83 Debtor days.The number of debtor days should be compared to that of other companies in the same industry to see if it is unusually high or low.he size of the debtor days experienced by a company is driven by a number of factors, including the following: 1  Industry practice. 2  Early payment discounts. 3  Billing errors. 4  Credit practices. 5  Investment in collections staff.