7. Desai Inc. has the following data, in thousands. Assuming a 365-day year, what is the firm's cash conversioncycle? Round to the nearest whole day.Annual sales =Annual cost of goods sold =Inventory =Accounts receivable =$45,000$23,500$4,500$1,800$2,500Accounts payable =

Formula for cash conversion cycle: Days inventory outstanding + Day sales outstanding - Day payable…

Answered: $23,500 $4 500

Business

Finance

$23,500 $4 500

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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Snavely, Incorporated, manufactures and sells two products: Product E1 and Product A7. Data concerning the expected production of each product and the expected total direct labor-hours (DLHs) required to produce that output appear below: Product E1 Product A7 Total direct labor-hours Product E1 Product A7 The direct labor rate is $24.10 per DLH. The direct materials cost per unit for each product is given below: Direct Materials Cost per Unit $ 282.00 $ 204.00 Activity Cost Pools Labor-related Machine setups Order size Expected Production 900 600 The company has an activity-based costing system with the following activity cost pools, activity measures, and expected activity: Direct Labor- Total Direct Hours Per Unit Labor-Hours 1,800 2.0 1.0 600 2,400 Activity Measures DLHs setups MHS Estimated Overhead Cost $ 132,400 62,430 976,450 $ 1,171,280 Expected Activity Product E1 Product A7 1,800 1,000 3,700 600 600 3,400 Total 2,400 1,600 7,100 The total overhead applied to Product E1 under…
sales of $183,000 $158,000 on account $25,000 for cash ignore cost of goods
I & Question 24 If John is expecting sales of $80,000, cost of goods sold of $40,000, operating expenses of $37,000, interest expense of $3,000, and a tax rate of 25%, what is his estimated gross profits? A B $40,000 $0 $20,000 D) $10,000 .
Multiple Choice $280,200 $305,200 $315,200 $214,000
A company issues 6% bonds with a par value of $100,000 at par on January 1. The market rate on the date of issuance was 5%. The bonds pay interest semiannually on January 1 and July 1. The cash paid on July 1 to the bond holder(s) is: Multiple Choice $6,000. $5,000 $3.000. 2500 aw 9:12 P pe here to search 96% 3/21/20
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Spang Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on machine-hours. The company based its predetermined overhead rate for the current year on the following data: Total machine-hours Total fixed manufacturing overhead cost Variable manufacturing overhead per machine-hour Recently, Job P505 was completed with the following characteristics: Total machine-hours Direct materials Direct labor cost $ The total job cost for Job P505 is closest to: 200 $ 540 7,200 20,000 $ 176,000 $ 2.20
Kurtulus Corporation uses the weighted-average method in its process costing system. Data concerning the first processing department for the most recent month are listed below: Beginning work in process inventory: Units in beginning work in process inventory Materials costs Conversion costs Percent complete with respect to materials Percent complete with respect to conversion Units started into production during the month Units transferred to the next department during the month Materials costs added during the month Conversion costs added during the month Ending work in process inventory: Units in ending work in process inventory Percent complete with respect to materials Percent complete with respect to conversion 700 $ 7,100 $ 2,400 55% 25% 6,600 5,800 $ 110,200 $ 83,300 1,500 70% 55% The cost of ending work in process inventory in the first processing department according to the company's cost system is closest to: (Round "Cost per equivalent unit" to 3 decimal places. Round "Cost…
Problem 13-15 (AICPA Adapted) On April 30, 2020, a fire damaged the office of Waterloo Company. The following balances were gathered from the general ledger on March 31, 2020: Accounts receivable Inventory - January 1 Accounts payable Sales Purchases 920,000 1,880,000 950,000 3,600,000 1,680,000 An examination of the April bank statement and canceled checks revealed checks written during the period April 1-30; 240,000 80,000 160,000 Accounts payable as of March 31 April merchandise shipments Еxрenses Deposits during the same period amounted to P440,000 which consisted of collections from customers with the exception of P20,000 refund from a vendor for merchandise returned in April. Customers acknowledged indebtedness of P1,040,000 at April 30. Customers owed another P60,000 that will never be recovered. Of the acknowledged indebtedness, P40,000 may prove uncollectible. Correspondence with suppliers revealed unrecorded obligations at April 30 of P340,000 for April merchandise shipment,…
The answers to the question is either A. $0 B. $30,000 C. $42,000 or D. $60,000
6
If discretionary expenses are $500, cash flow before discretionary expenses are $2,000, and discretionary capital expenditures are $500, what is the discretionary payout percentage? A. 50% B. 25% C. 20% D. 250%

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