If a firm has a cash cycle of 41 days and an operating cycle of 112 days, what is its average payment period? a. 112 b. 153 c. 71 d. 41
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- If a company has a cash cycle of 30 days and an operating cycle of 92 days, what is its average payment period???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?
- Solve this problem20. If the average collection period is 60 days, what is the accounts receivable turnover? a. 6.0 times b. 6.1 times C. 12.2 times d. None of theseHow would the use of credit cards affect a firm’s cash conversion cycle assuming itpreviously allowed customers 30 days to pay for their purchases?
- Answer this Problempm.6An FI has estimated the following annual costs for its demand deposits: management cost per account = $150, average account size = $1400, average number of cheques processed per account per month = 65, cost of clearing a cheque = $0.10, fees charged to customer per cheque = $0.05, and average fee charged per customer per month = $10.(a) What is the implicit interest cost of demand deposits for the FI?(b) If the FI has to keep an average of 6 per cent of demand deposits as required reserves with the Central Bank paying no interest, what is the implicit interest cost of demand deposits for the FI?(c) What should be the per-cheque fee charged to customers to reduce the implicit interest costs to 2 per cent? Ignore the reserve requirements.
- Assume the average management cost per account per year is $200 and the average fees earned per account per year is $170. The average annual size of account is $1800. What is the average implicit interest rate (round to two decimals)? Select one: a. 4.86% b. 1.67% c. 15% d. -1.67%An FI has estimated the following annual costs for its demand deposits: management cost per account = $150, average account size = $1600, average number of cheques processed per account per month = 75, cost of clearing a cheque = $0.10, fees charged to customer per cheque = $0.05, and average fee charged per customer per month = $15. (a) What is the implicit interest cost of demand deposits for the FI? (b) If the FI has to keep an average of 8 per cent of demand deposits as required reserves with the RBA paying no interest, what is the implicit interest cost of demand deposits for the FI? (c) What should be the per-cheque fee charged to customers to reduce the implicit interest costs to 3 per cent? Ignore the reserve requirements.note: can you help me answer the question for a, and b? For Nibong Prawn Paste Enterprise (NPPE), the average age of accounts receivable (AAR) is 60 days, the average age of accounts payable (AAP) is 45 days, and the average age of inventory (AAI) is 72 days. Assume a 365-day year. a. The length of the company’s cash conversion cycle (CCC) is? (days) b. Based on the CCC calculated in (a) above, if the forecasted sales turnover is $5 million the working capital requirement (WCR) of NPPE is? c. If NPPE is able to reduce its AAI to 65 days; maintain its AAR at 60 days, stretch its AAP to 60 days and maintain the same forecasted sales turnover of $5 million, the new CCC is _____ (days) and the new WCR is ______ (dollars) d. Which of the following are TRUE about the impacts of the change in the CCC of NPPE? A) The WCR would be reduced to $310,000 B) NPPE’s trade creditors can be said to be financing part of its WCR by allowing the company an extension of credit C) NPPE can also…