round your answer to decimal places. Assume a firm has a cash cycle of 72 days and anoperating cycle of 125 days. What is its payablesturnover? (Use 365 days a year. Round youranswer to 2 decimal places.)

Step 1: Payables Turnover can be calculated by dividing the days in a year by the Accounts Payable…

Answered: Assume a firm has a cash cycle of 72…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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The total amount of money in an account with P dollars invested in it is given by the formula A=P+PrtA=P+Prt, where r is the rate expressed as a decimal and t is time (in years).If $525$⁢525 is invested at 14%14%, how much money will be in the account after 3030 months? Round your answer to two decimal places if necessary.
Edward Lewis is an accounting major at a midwestern state university located approximately 60 miles from a major city. Many of the students attending the university are from the metropolitan area and visit their homes regularly on the weekends. Edward, an entrepreneur at heart, realizes that few good commuting alternatives are available for students doing weekend travel. He believes that a weekend commuting service could be organized and run profitably from several suburban and downtown shopping mall locations. Edward has gathered the following investment information. Five used vans would cost a total of $76,194 to purchase and would have a 3-year useful life with negligible salvage value. Edward plans to use straight-line depreciation. 1. 2. Ten drivers would have to be employed at a total payroll expense of $47,400. Other annual out-of-pocket expenses associated with running the commuter service would include Gasoline $16,100, Maintenance $3,200, Repairs $4,100, Insurance $3,800, and…
Assume a firm makes a $ deposit into a short-term investment account. If this account is currently paying %, (yes, that's right, less than 1% !), what will the account balance be after 1 year?
If you were to use the TVM Solver to determine how much money would be in an account (that earns 1.2% interest compounded monthly) after 32 years when $175 was deposited into the account at the end of each month, then you would enter N = 1% = PV = PMT = FV = and P/Y = C/Y = Which of the variables above did you solve for (N, 1%, PV, PMT, or FV)?
The value of a bank account collecting interest which is continuously compounded is modeled by the equation: A = Pet where: A is the value of the account at time t P, or the principal, is the value of the initial investment t is time (measured in years) r is the interest rate (written as a decimal) 1. Suppose that $5000 is put into an account with an interest rate of 8% compounded continuously. a) How much will the account be worth after 3 years (exact value) ? b) How much will the account be worth after 3 years (rounded to the nearest cent) ? c) How many years will it take for the value of the account to double? In an exponential model for population growth, the size of a population at time t is rt described by the equation: N(t) = Net where: N is the initial population or the population at t=0 r is the percentage growth rate t = time and can be measured in different units depending on the problem. Note: You don't have to use e and r. It is often possible to find an equivalent form…
What is the value today of a money machine that will pay $1,321.00 per year for 11.00 years? Assume the first payment is made 9.00 years from today and the interest rate is 15.00%. Answer Format: Currency: Round to: 2 decimal places. Enter Answer Here...
Suppose you want deposit $200 each month into an account earning 3.5% APR compounded monthly. a) Write an equation to find how many years N it will take to save $12,000? b) How many years will it take to save $12,000? Round to two decimals.
You initially invest $400 in a savings account that pays a yearly interest rate of 3%. (a) Write a formula for an exponential function giving the balance in your account as a function of the time since your initial investment. (Let B be the account balance in dollars and t be the number of years since the initial investment.) 8(t)= dollars (b) What monthly interest rate best represents this account? Round your answer to three decimal places. % (c) Calculate the decade growth factor. (Round your answer to two decimal places.) (d) Use the formula you found in part (a) to determine how long it will take for the account to reach $536. (Round your answer to the nearest whole number.) yr Explain how this is consistent with your answer to part (c), At the end of one decade, there will be $ where the account reaches $536 at the end of This --Select-- o the answer found above years,
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Assume a firm has a cash cycle of 72 days and an operating cycle of 125 days. What is its payables turnover? (Use 365 days a year. Round your answer to 2 decimal places.)