A Pumpkin Pie Manufacturing Company pays on the tenth day after purchase. The average collection period is 35 days, and the average inventory age is based on inventory turnover of 9 times per year. The company spends about $16 million on operating cycle investments, and is considering a plan that would lengthen its average payable period by 20 days. If the company pays 12% per year on its investment of resources, what annual savings-if any-can it realize with this plan? Assume there is no discount for early payment of accounts payable and a year has 360 days. exercise in the image, it is in Spanish, but it is the original one. (to better understand)
A Pumpkin Pie Manufacturing Company pays on the tenth day after purchase. The average collection period is 35 days, and the average inventory age is based on inventory turnover of 9 times per year. The company spends about $16 million on operating cycle investments, and is considering a plan that would lengthen its average payable period by 20 days. If the company pays 12% per year on its investment of resources, what annual savings-if any-can it realize with this plan? Assume there is no discount for early payment of accounts payable and a year has 360 days. exercise in the image, it is in Spanish, but it is the original one. (to better understand)
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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A Pumpkin Pie Manufacturing Company pays on the tenth day after purchase. The average collection period is 35 days, and the average inventory age is based on inventory turnover of 9 times per year. The company spends about $16 million on operating cycle investments, and is considering a plan that would lengthen its average payable period by 20 days.
If the company pays 12% per year on its investment of resources, what annual savings-if any-can it realize with this plan? Assume there is no discount for early payment of accounts payable and a year has 360 days.
exercise in the image, it is in Spanish, but it is the original one. (to better understand)
Transcribed Image Text:Administración de Efectivo:
1. Ciclo de Conversión de Efectivo:
Una Compañía Fabricante de Pasteles de Calabaza paga al décimo día después
de la compra. El período promedio de cobranza es de 35 días, y la edad promedio
de inventario se basa en la rotación del mismo que es de 9 veces al año. La
empresa gasta alrededor de $16 millones en inversiones del ciclo operativo, y está
considerando un plan que alargaría 20 días su período promedio de pago.
Si la empresa paga 12% al año por su inversión de recursos, ¿qué ahorros
anuales -si los hay- puede realizar con este plan? Supón que no hay un
descuento por pronto pago de las cuentas por pagar y un año tiene 360 días.
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