IF DAYS INVENTORY OUTSTANDING IS 30, DAYS SALES OUTSTANDING IS 25, AND DAYS PAYABLE OUTSTANDING IS 20, WHAT IS THE CASH CONVERSION CYCLE?
Q: General Accounting
A:
Q: 16 ACC
A: a)No.EntryAccountsDebit ($)Credit ($)A1Common Stock 80,000 (from the trial balance data) Retained…
Q: Please answer the accounting question not use ai
A: Step 1: Introduction to the WarrantiesWarranties are given by the seller on the products sold to the…
Q: Hi expart Provide correct answer for this accounting question
A: Step 1: Define Manufacturing Overhead RateA predetermined overhead rate, often calculated at the…
Q: What is the degree of operating leverage for general accounting?
A: Step 1:- Define Operating LeverageThe degree of operating leverage is the study of the effect of an…
Q: Marigold Company's record of transactions for the month of April was as follows. Purchases Sales…
A: Step 1: Organize PurchasesWe need to organize the purchases and their respective units and…
Q: A government acquires as an investment a 30-year U.S. Treasury bond having a face value of $10,000.…
A: The government holds a 30-year U.S. Treasury bond with a face value of $10,000, which it purchased…
Q: If Salaries and wages expense is $450,600 during the year and the beginning and ending balances
A: Step 1: Define Salary PayableSalary payable is a current liability account that represents the total…
Q: ↓ BBB Finished Goods Inventory BBB tracks its inventory by catalog number (catalog#). Each product…
A:
Q: Could you help me fill in all the blank spaces in this Excel table?Please tell me the formula so I…
A: 1. Filling the "Filing Status" Column:Enter the filing status for each employee based on the…
Q: Accounting dell had net sales of $35404 million gross
A: The total asset turnover ratio measures how efficiently a company uses its assets to generate sales.…
Q: Need help
A: Understand the Cycle Time ConceptCycle time is the time required to complete one unit of production.…
Q: Need Help with this Question please
A: Step 1: Define Cash And Credit SalesBusinesses are actively involved in the trading of products or…
Q: hd
A: i) Explanation for changes in the amount of inventory:-The beginning inventory in 2024 is less…
Q: Don't use AI.
A: When determining how much of the disability benefits Terry needs to include in his gross income, we…
Q: If the w. king papers correlating with this textbook are not used, omit Problem 4-4B. per accounts…
A: First, we need to complete the end-of-period spreadsheet using the adjustment data provided. This…
Q: On December 31, 2020, Extreme Fitness has adjusted balances of $890,000 in Accounts Receivable and…
A:
Q: Give me all options solution which option is correct and which option is incorrect with response.
A: 1. "Public and private Canadian corporations are eligible for the small business…
Q: Accounting mcq question marks
A: Explanation of Periodic Inventory System:The Periodic Inventory System is a method of tracking…
Q: Question
A: Here's an explanation for each option in the context of asset classification:a)…
Q: None
A: Question 1): Differential Cost Calculation for Piper Corp.• Step 1: Identify the cost of purchasing…
Q: Haas Company manufactures and sells one product. The following information pertains to each of the…
A: Req 1: To get the break-even point in unit sales, we will use the following formula: BEP in unit…
Q: Need Answer of this one pls provide it
A: Step 1: Define Direct MaterialsDirect materials are converted into finished goods. These materials…
Q: Please Need Help With This Question
A: To calculate ABC's Return on Equity (ROE) under the new plan, we need to follow these steps: Step 1:…
Q: 5 Use the information below to prepare a cash budget for June. The beginning cash balance on June 1…
A: Step 1:The cash budget for the month of June is prepared as follows: Formula table: Result of the…
Q: General Accounting
A: Step 1: Define Return on equityReturn on equity is a profitability ratio that shows the financial…
Q: Financial Accounting Problem 3.4
A: Explanation of Total Assets:Total assets represent the combined value of everything a company owns,…
Q: Data for 2010 were as follows:
A: Step 1: Define Projected Benefit Obligation (PBO)Projected benefit obligation (PBO) is the balance…
Q: Give answer the accounting question
A: Step 1: Define Annual Gross IncomeThe gross income of an individual includes salary income, wages,…
Q: Answer
A: Explanation of Asset:An asset is a resource owned by a business that is expected to provide future…
Q: Need help
A: Step 1: Define Normal SpoilageNormal spoiling is the term used to describe how products naturally…
Q: What is the depreciation rate for this accounting question?
A: Step 1: Define Depreciation RateThe depreciation rate is the percentage an organization uses to…
Q: Answer with explanation
A: Step 1: Introduction to loanLoan refers to the amount borrowed by a business from another business…
Q: mn
A: Step 1: Formula Times interest earned = Earnings before interest and taxes/Interest expense Step 2:…
Q: Revenue is recognized when it is: a) Earned b) Collected in cash c) Invoiced d) Paid for
A: Here's an explanation of each option:a) EarnedRevenue is recognized when it is earned, meaning when…
Q: 7.3 Big Co. owns 60% of Little Co, and uses the full equity method to account for their…
A: Step 1: Step 2: Step 3: Step 4:
Q: Financial accounting Question
A: Explanation of Financing Activity:Financing activities in the Statement of Cash Flows involve…
Q: Please Get Answer with correct solution
A: Approach to solving the question:Understanding and Analysis Detailed explanation: According to my…
Q: Need help with this accounting question not use ai
A: Step 1: Define Allowance MethodUnder the allowance method, there are two types of determining the…
Q: On may 1, 20X1, your company, which uses UOP depreciation, purchase a machine for $260,000.
A: Step 1: Define DepreciationDepreciation is a non-cash expenditure that reflects the cost of use of…
Q: this Question solve with General Accounting Method
A: Question 1): Differential Cost Calculation for Piper Corp.• Step 1: Identify the cost of purchasing…
Q: Law degree. To help market its Law degree program, a law school would like to advertise that more…
A: The significance level, often denoted by α, is the probability of rejecting the null hypothesis when…
Q: What is Bubble's net profit margin for this accounting question?
A: Step 1:- Define Profit MarginThe term profit margin is a profitability measure that is calculated by…
Q: Management of Mittel Company wants to reduce the elapsed time from when a customer places an order…
A: Let me help you solve this step by step.Step 1: Calculate Throughput TimeThroughput time = All time…
Q: None
A: Approach to solving the question: Analyze the question. Detailed explanation:Working capital…
Q: Help me please asap ! Don't use any AI and also do not provide solution in handwritten image format.…
A: Investment revenue is the income earned by a company from its investments in the equity of other…
Q: Accounts, Labels and Amount Descriptions Instructions Income Statement Instructions The following…
A: 1. First, let's identify sales and cost of goods sold:Sales Revenue: $664,000 (item f)Cost of Goods…
Q: un
A: NoTransactionGeneral JournalDebitCredit11Income tax expense$75.5 Deferred tax asset $5.5 Income…
Q: What is the required rate of return? On this accounting question
A:
Q: Solve this accounting question
A: Step 1: Define Bond PriceThe issue price of a bond is affected by the stated coupon rate, market…
CCC
Step by step
Solved in 2 steps
- How is cash conversion cycle computed? a) It is equal to the average production period + average selling period - average collection periodb) It is equal to the average production period + average collection period + average payment period minus average selling periodc) It is equal to the sum of average production period + average selling period +average collection period minus average payment periodd) It is equal to average production period + average selling period + average collection period + average payment periodWhat is Internal Rate of Return - Monthly Fixed Cash Flows with Reversions? Please provide examples.Which of the following will shorten the cash cycle? Select one: A. An increase in the raw materials inventory holding period B. An increase in the production period C. An increase in the trade receivables days D. An increase in the trade payables days
- 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…Find the internal rate of return (IRR) for the following cash flows. Enter your answer as a percent and include at least two decimal points, e.g., 8.35 for 8.35 %, not 0.08. Year Cash Flow 0 750 1 200 2 375 3 250 4 100 5 75If the days inventory is 50, days receivable is 17 and days payable is 25 and assuming 365 days in a year, then the cash conversion cycle is equal to: a. 92 Days b. 58 Days c. 42 Days d. 67 Days e. 75 Days
- Find cash conversion cycle. Inventory conversion period = 50 days Average collection period = 17 days Payables deferral period = 25 days a. 46 days b. 31 days c. 42 days d. 38 days e. 34 daysFor the intrinsic value, why is the cashflow divided by (10%-6%)?a. Calculate the IRR for each of the three cash-flow diagrams that follow. Use EOY zero for (i) and EOY four for (ii) and (ii) as the reference points in time. What can you conclude about "reference year shift" and "proportionality" issues of the IRR method?
- Define the following terms: inventory conversion period, average collection period,and payables deferral period. Explain how these terms are used to form the cashconversion cycle.Dreamz Unlimited INC has accounts payable days of 30 , inventory days of 60 , and accounts receivable days of 35 . What is its Cash conversion cycle?There are four variables in the process of adjusting single cash flow amounts for the time value of money:present value (PV), future value (FV), i and n. If you know any three of these, the fourth can be computedeasily