For Omega Corporation, the average age of accounts receivable is 50 days, the average age of accounts payable is 40 days, and the average age of inventory is 65 days. Assuming a 365-day year, what is the length of the firm's cash conversion cycle?
Q: Cash: 35000, Accounting receivable: 52000
A: Explanation of Assets: Assets are economic resources owned or controlled by a company that are…
Q: in the first day of a company’s fiscal year, it has paid for and installed a machine for servicing…
A: 1. IntroductionThe decision to retain or replace the machine should be based on relevant costs and…
Q: Richard Gear Co. manufactures mountain bike tires. The tires sell for $75. The variable cost per…
A: **Step 2: Calculate Contribution Margin per Unit**Selling Price per tire = $75 Variable Cost per…
Q: Solve my qn quickly.. no ai
A: The predetermined manufacturing overhead rate is calculated using the estimated overhead costs and…
Q: Natalie Systems had assets of $310,000 and liabilities of $165,000 at the beginning of the year.…
A: Explanation of Accounting Equation: The accounting equation is the fundamental principle that forms…
Q: XYZ Company has a gross profit margin of 0.30, an operating profit margin of 18%, a total asset…
A: To calculate XYZ Company's Return on Assets (ROA), we use the formula:ROA = Net Income / Total…
Q: What does the selling price per unit need to be?
A: Step 1: Definitions Concept of Contribution Margin:Contribution Margin is the percentage of each…
Q: Base on the “Problems - Series A” section 10-19A of Ch. 10, “Planning for Capital Investments” of…
A:
Q: PLEASE HELP
A: Step 1: Calculate the Components of Pension ExpensePension expense consists of the following…
Q: A machine has a cost of $18,500, an estimated residual value of $4,500, and an estimated useful life…
A: Explanation of Cost of Machine:The Cost of Machine refers to the total amount paid to acquire the…
Q: Provide correct option
A: Step 1: Definition of Turnover Ratio The Turnover Ratio is a financial metric used to assess how…
Q: Viggo Manufacturing estimates that overhead costs for the next year will be $2,800,000 for indirect…
A: Explanation of Overhead Costs: Overhead costs are indirect expenses that cannot be directly traced…
Q: I am searching for the accurate solution to this general accounting problem with the right approach.
A: To determine the excess of the purchase price over book value, follow these steps:Step 1: Compute…
Q: I am searching for the correct answer to this general accounting problem with proper accounting…
A: Step 1: Definition of Taxable Income after IRS ReclassificationWhen the IRS reclassifies a portion…
Q: I am trying to find the accurate solution to this general accounting problem with appropriate…
A: Step 1: Definition of Straight-Line DepreciationStraight-line depreciation spreads the cost of an…
Q: On January 1, 2025, Willow Tech Inc. reported a Salaries Payable balance of $39,000. Salaries…
A: To determine the amount of cash paid for salaries in 2025, we can use the following formula:Cash…
Q: Kindly help me with this financial accounting question
A: Step 1: Definition of Return on Equity (ROE)Return on equity (ROE) is a financial metric that…
Q: Dylan Manufacturing had an estimated 90,000 direct labor hours, $360,000 manufacturing overhead, and…
A: Explanation of Predetermined Overhead Rate: The predetermined overhead rate is a calculated cost…
Q: At the beginning of the year, Ironclad Corp. had total assets of $920,000 and total liabilities of…
A: To find the amount of total assets at the end of the year, we can use the accounting equation:…
Q: I am looking for the correct answer to this general accounting question with appropriate…
A: Step 1: Definition of Price/Earnings (P/E) RatioThe Price-to-Earnings (P/E) ratio measures how much…
Q: Can you help me solve this general accounting question?
A: Step 1: Definition of Return on Assets (ROA)Return on Assets (ROA) is a financial performance ratio…
Q: Cobalt Industries purchases a milling machine for $12,500. In addition, it incurs a sales tax of…
A: Concept of Purchase Price:The purchase price is the initial amount paid to acquire the asset, in…
Q: Can you help me solve this general accounting problem using the correct accounting process?
A: To find the debt-equity ratio, we use the DuPont Identity:ROE = Profit Margin × Total Asset Turnover…
Q: HELPPPP
A: Calculation of Interest CostInterest Cost = Projected Benefit Obligation at January 1,2025 ×…
Q: What is the amount of total assets?
A: Step 1: Definition of Total AssetsTotal Assets refer to everything a company owns that has economic…
Q: Subject = Financial Account
A: Step 1: Definition of Net Operating Profit After Tax (NOPAT)Net Operating Profit After Tax (NOPAT)…
Q: Please provide the answer to this general accounting question using the right approach.
A: Step 1: Definition of Price/Earnings (P/E) RatioThe Price-to-Earnings (P/E) ratio measures how much…
Q: Ans
A: Concept of Process Costing:Process costing is a cost accounting method used when similar products…
Q: Please help me solve this general accounting question using the right accounting principles.
A: Step 1: Introduction to ratio analysisRatio analysis is a method used to analyze financial…
Q: I need help with this general accounting question using standard accounting techniques.
A: To calculate the debt to equity ratio, I'll divide the total liabilities by the total equity.Debt to…
Q: Need soln this No AI
A: To calculate the applied overhead, follow these steps:Determine the predetermined overhead rate…
Q: Provide correct answer this accounting question
A: Step 1: Define Gain/Loss on Sale of AssetGain or loss on the sale of an asset is the difference…
Q: Gabriel is the sole owner and operator of Giant Sky Services. As of the end of its accounting…
A: Step 1: DefinitionsConcept of Owner's Equity:Owner's equity represents the owner's share or interest…
Q: General accounting question
A: To compute the balance of the Equity Investment account on Northern Holdings' balance sheet, we will…
Q: General accounting question
A: Step 1: Definition of Cost of Goods Sold (COGS)Cost of Goods Sold (COGS) is the direct cost…
Q: General Accounting Question
A: Step 1: Define Activity-Based Overhead AllocationActivity-based costing (ABC) allocates overhead to…
Q: Clearbrook Inc.'s fixed monthly expenses are $28,000 and its contribution margin ratio is 60%.…
A: To estimate the company's net operating income (NOI), we can use the following formula: Net…
Q: Answer this Question
A: Concept of Estimated Overhead Costs:Estimated overhead costs are the projected indirect costs a…
Q: Portman Solutions paid out $42.5 million in total common dividends and reported $150.3 million of…
A: Explanation of Retained Earnings: Retained earnings represent the cumulative portion of a company's…
Q: Don't want AI answer
A: Concept of Beginning InventoryBeginning Inventory refers to the value of the goods a company has on…
Q: Please provide the solution to this general accounting question using proper accounting principles.
A: Step 1: Definition of Return on Equity (ROE)Return on Equity (ROE) measures a company's…
Q: Charleston Co. issued a $60,000, 150-day, discounted note to Heritage Bank. The discount rate is 8%.…
A: Summary Answer:Face Value: $60,000Discount Rate: 8%Time: 150 days (based on a 360-day year)Discount…
Q: What are existing control activities-e.g. segregation of duties, authorization? What is the CPA’s…
A: Control activities are the policies and procedures that help ensure management directives are…
Q: What is the correct solution and general accounting
A: Step 1: Definition of Contribution Margin Per UnitThe contribution margin per unit is the amount…
Q: Marino Snacks Co. had its highest total cost of $84,000 in July and its lowest total cost of $60,000…
A: To find the monthly fixed cost, we can employ the high-low method, which approximates fixed and…
Q: ABC Company has December unit sales of 12,000 units. Assuming a 5 percent growth, what is the…
A: **Projected Sales = Current Sales × (1 + Growth Rate)**Given:- Current Sales = 12,000 units- Growth…
Q: expert of general accounting give asap answer
A: Step 1: Definition of Accrual Basis of AccountingAccrual Basis of Accounting is a method of…
Q: Accounting solution and correct answer
A: Step 1: Definition of Sales AllowancesSales allowances refer to reductions in the selling price of…
Q: General accounting
A: Step 1: Definition of Asset TurnoverAsset Turnover is a financial ratio that measures how…
Q: Solve this qn
A: Step 1: Definition of Adjusted Cost of Goods Sold (COGS)Adjusted Cost of Goods Sold represents the…
Subject:- general accounting
Step by step
Solved in 2 steps
- For the Bayer Company, the average age of accounts receivable is 60 days, the average age of accounts payable is 45 days, and the average age of inventory is 72 days. Assuming a 365-day year, what is the length of of the firm's cash conversion cycle?For the Crestview Manufacturing Company, the average age of accounts receivable is 50 days, the average age of accounts payable is 40 days, and the average age of inventory is 68 days. Assuming a 365-day year, what is the length of the firm's cash conversion cycle?еВook Zane Corporation has an inventory conversion period of 90 days, an average collection period of 34 days, and a payables deferral period of 48 days. Assume 365 days in year for your calculations. a. What is the length of the cash conversion cycle? Round your answer to two decimal places. days b. If Zane's annual sales are $3,454,540 and all sales are on credit, what is the investment in accounts receivable? Do not round intermediate calculations. Round your answer to the nearest cent. $ c. How many times per year does Zane turn over its inventory? Assume that the cost of goods sold is 75% of sales. Use sales in the numerator to calculate the turnover ratio. Do not round intermediate calculations. Round your answer to two decimal places.
- Zane Corporation has an inventory conversion period of 48 days, an average collection period of 33 days, and a payables deferral period of 33 days. Assume 365 days in year for your calculations. What is the length of the cash conversion cycle? Round your answer to two decimal places. If Zane's annual sales are $4,137,145 and all sales are on credit, what is the investment in accounts receivable? Do not round intermediate calculations. Round your answer to the nearest cent. How many times per year does Zane turn over its inventory? Assume that the cost of goods sold is 75% of sales. Use sales in the numerator to calculate the turnover ratio. Do not round intermediate calculations. Round your answer to two decimal places.If the average age of the inventory is 90 days, the average age of accounts payable is 65 days, and the average age of accounts receivable is 60 days, how many days would be the net cash cycle?What is the length of the firm's cash conversion cycle on this accounting question?
- Laserscope has an inventory conversion period of 45 days, a receivables conversion period of 42 days, and a payables deferral period of 51 days. What is the length of its cash conversion cycle?Zane Corporation has an inventory conversion period of 79 days, an average collection period of 43 days, and a payables deferral period of 50 days. Assume 365 days in year for your calculations. What is the length of the cash conversion cycle? Round your answer to two decimal places. days If Zane's annual sales are $3,598,365 and all sales are on credit, what is the investment in accounts receivable? Do not round intermediate calculations. Round your answer to the nearest cent. $ How many times per year does Zane turn over its inventory? Assume that the cost of goods sold is 75% of sales. Use sales in the numerator to calculate the turnover ratio. Do not round intermediate calculations. Round your answer to two decimal places. timesWhat is the length of the firm's cash conversion cycle on these accounting question?
- Zane Corporation has an inventory conversion period of 76 days, an average collection period of 35 days, and a payables deferral period of 20 days. Assume 365 days in year for your calculations. What is the length of the cash conversion cycle? Round your answer to two decimal places.days If Zane's annual sales are $2,030,230 and all sales are on credit, what is the investment in accounts receivable? Do not round intermediate calculations. Round your answer to the nearest cent.$ How many times per year does Zane turn over its inventory? Assume that the cost of goods sold is 75% of sales. Use sales in the numerator to calculate the turnover ratio. Do not round intermediate calculations. Round your answer to two decimal places.xIf a firm has sales of $25,689,00 a year, and the average collection period for the industry is 45 days, what should this firm's accounts receivable be in the firm is comparable to the industry?Company’s average age of accounts receivable is 40 days, while the average age of accounts payable is 45 Its inventory turnover is 5.3 times. Assuming a 365-day year, what is the length of its cash conversion cycle?
