Jolly Roger Kite Company has a payment cycle of 17 days, a collection cycle of 31 days, and a production cycle of 12 days. What is the average cash conversion cycle for the Jolly Roger Company? A) 60 days B) 2 days C) 36 days D) 26 days
Q: Please provide this question solution general accounting
A: Given:FCFF0: $1.7 billionWACC (Weighted Average Cost of Capital): 11%Growth rate of FCFF (gFCFF):…
Q: None
A: Approach to solving the question: Detailed explanation: Examples: Key references:
Q: Need help with this question solution general accounting
A: Step 1: Define Inventory ManagementIn accounting, proper inventory management is necessary to be put…
Q: Please provide this question solution general accounting
A: Step 1: The license fee included in the income statement for the 6 months ending 30 June 2018 should…
Q: Sarah (single) purchased a home on January 1, 2008, for $600,000. She eventually sold the home for…
A: The gain on the sale of the property is calculated by subtracting the purchase price from the sale…
Q: find out both questions solutions for this account
A: Given Data:Net Sales = $630,000Cost of Goods Sold (COGS) = $342,000Total Operating Expenses =…
Q: Type of Donut Number purchased Probability Cumulative Probability Chocolate Cream filled 5.00…
A: The probability for each donut is given by:Probability=Total Number of Donuts PurchasedNumber of…
Q: June earns 18 an solve the accounting question
A: Step 1: Introduction to payroll taxesPayroll taxes refer to those taxes paid by both employer and…
Q: Walker tv appliances reported the following provide answer accounting questions
A: Step 1: Define Gross Profit MarginGross profit represents the difference between the sales revenue…
Q: Mecca Copy, a photocopying center located on University Avenue, provided the following data to…
A: Step 1:Calculation of retained earnings=Beginning balance+ net income - dividend paid…
Q: Need help with this question solution accounting
A: Step 1: Define Net IncomeNet income is the income earned after adding other revenues and deducting…
Q: Shore Company reports the following information regarding its production cost. Please provide answer…
A: Step 1: Define Absorption CostingAbsorption costing is an approach used to record the cost of…
Q: Required information [The following information applies to the questions displayed below.] Shadee…
A: Step 1: The budgeted cost of poles purchased can be calculated by first calculating the Budgeted…
Q: Need help with this question solution general accounting
A: Step 1: Define Income StatementThe income statement is prepared in order to determine the net income…
Q: Need help with this question solution accounting
A: Step 1: Define Price Earnings RatioThe price earnings ratio multiple is a method to value companies…
Q: A company signed an agreement to rent warehouse space for four years at $40,000 per year, payable at…
A: The present value of an annuity due is calculated using the formula: PV = PMT * [(1 - (1 + r)^-n) /…
Q: Jones retail had following balance solve this question
A: Explanation: In the given case, we are required to calculate the amount of ending inventory by…
Q: Provide solution this accounting question answer do fast
A: Step 1: Define Applied Overhead CostIn the beginning, companies estimate their overhead cost and…
Q: Please provide answer
A: Step 1: Define Predetermined overhead rateThe overhead is expenses other than direct labor and…
Q: Midgley Corporation makes a product whose direct labor standards are 0.8 hours per unit and $28 per…
A: Step 1: Define Variance AnalysisIn cost accounting, variance analysis is used primarily for…
Q: GENERAL ACCOUNT - 45 Yang Company purchased 2,000 phones and has 400 phones in its ending inventory…
A: Step 1: Understanding the Key Terms1. Cost: This is the price Yang Company paid to purchase the…
Q: Don't use ai to answer I will report you answer
A: Step 1: Calculate the arithmetic average returns. To find the arithmetic average return for each…
Q: Complete the following table using the perpetual FIFO method of inventory flow. Purchases Cost of…
A: Step 1:FIFO-Perpetual: First-purchased merchandise is sold first under this method. So, the cost of…
Q: None
A: Detailed explanation:Revenues 11600 Less Expenses 7800 Net Income 3800…
Q: Hamilton Company uses a periodic inventory system. At the end of the annual accounting period,…
A: Approach to solving the question: In solving the FIFO for ending inventory, we first sell the first…
Q: I need answer of this question solution general accounting
A: Step 1: Define Economic Order Quantity (EOQ)The optimal quantity a business should acquire to reduce…
Q: Subject- Cost Account. please help me in short answer
A: Hello student! Under Variable Costing method, the cost of a product includes those manufacturing…
Q: give short and simple answer
A: determine the inventory value using the Lower of Cost or Market (LCM) method, we need to compare the…
Q: Rockwell jewellers has announced net earnings solve this accounting question
A: Step 1: Define P/E RatioThe price to earnings ratio (P/E) is a measure of earnings quality or power.…
Q: Consider the following information solve the question general accounting
A: Step 1: Define Collection PeriodThe collection period for a firm represents the time required to…
Q: Provide correct answer for this accounting question
A: Step 1: Define Minimum Rate of ReturnThe minimum rate of return refers to the lowest acceptable…
Q: If you give me wrong answer I will give you unhelpful rate on these general accounting question
A: Step 1: Define Cash Conversion CycleThe cash conversion cycle is calculated by adding days inventory…
Q: None
A: If you have any clarifications (i.e., expand the explanation) or want different, expanded, or…
Q: Give true solution for these general accounting question
A: Step 1: Operating ExpensesThe charges incurred to administer and execute the routine activities of…
Q: Kubin company relvant range of proction accounting questions
A: Explanation: In the given case, we are required to calculate the product cost to make 17,250 units…
Q: I need answer of this question solution general accounting
A: Step 1: Define Fixed AssetsFixed assets have a debit balance and we show fixed assets on one side of…
Q: IFRS require that assets must be assessed for indications of impairment Select one: a. when…
A: Asset impairment occurs when the carrying amount of an asset exceeds its recoverable amount. The…
Q: What is likely to be the price of the stock on these financial accounting question?
A: Problem Overview:Last year's earnings per share (EPS): $8.40Stock price last year: $201.60Earnings…
Q: I need this correct answer accounting question
A: Step 1: Define Net SalesSales is the value of goods sold or services rendered to the customers. And…
Q: General account tutor please accept it and solve
A: 1. Compute the product cost per unit using variable costingUnder variable costing, the product cost…
Q: Aaron Heath is seeking part-time employment while he attends school. He is considering purchasing…
A: Problem AnalysisAaron is evaluating the net present value (NPV) of an investment,…
Q: I am waiting for both answer
A: A. The total manufacturing costs is calculated by adding direct materials, direct labor, and…
Q: What is the interest expense for December 31 on these accounting question?
A: Step 1: Define Promissory NotesA promissory note issued by a borrower to the lender that includes…
Q: Birk camera shop uses the lower of cost or market solution this question
A: Step 1: Define Inventory ValuationTo apply the conservatism principle in accounting, inventory is…
Q: General accounting question
A: Step 1: Define Calculate Comprehensive IncomeOther comprehensive income is those revenues, expenses,…
Q: Using the p/e multiples approach solve this question
A: The problem pertains to P/E valuation method.The price-to-earnings (P/E) ratio measures a company's…
Q: Financial accounting question
A: Step 1: Define Income StatementThe income statement of a firm can be prepared by using the…
Q: Mitchel Corporation manufactures a single product. Please need help with this accounting question
A: Step 1: Define Absorption Costing Vs. Variable CostingUnder absorption costing, the value of…
Q: Please provide correct answer general accounting question
A: Step 1: Define Turnover ratiosThere are various turnover ratios such as inventory turnover ratio,…
Q: A company sold a machine that originally cost solution this question
A: Step 1: Define Gain on SaleA fixed asset is said to be sold at a profit when the sale value exceeds…
I won't correct answer general accounting
Step by step
Solved in 2 steps
- A firm has a cash conversion cycle of 80 days and average payment period of 60 days. The firm's operating cycle is days.Gear Up Co. pays 65% of its purchases in the month of purchase, 30% in the month after the purchase, and 5% in the second month following the purchase. What are the cash payments if it made the following purchases in 2018?Bulldogs Inc. has a cash conversion cycle of 3 weeks. It has a receivable turnover of 45 and disburse payments to suppliers after 1 week. Determine the normal operating cycle of Bulldogs Inc. if 360-day year is used. (In days, no need to type the word "days")
- ABC has a major supplier that offers a credit term of 2/15, n/45. Cash not yet used for payments are generally kept in an account that earns ABC 2.5% per year. Use 360 days in a year. Compute for the following: 1. Simple annual effective cost of paying on 45th day instead of the 15th day. 2. Compounded annual effective cost of paying on 45th day instead of the 15th day. Please create a detailed solution for the two questions. Thank youPlease help me with my Financial Management assignment. I already worked for it, just want to confirm from experts. I really appreciate any help you can provide. I want to know the solution and answer for Questions no. 2 and 3A CARDBOARD BOX FACTORY pays its suppliers 40 days after making the purchase and receiving the goods. The average collection period is 45 days, i.e. its customers settle their debt with the company in that time; and the average inventory age is based on the inventory turnover which is 10 times a year. The company spends about $1.23 million in operating cycle investments. With this data we need to calculate: The operating cycle.The cash conversion cycle.The cash turnover.The minimum cash balance.You plan to make modifications to your policies so that you can decrease your PPC by 10 days, and decrease your EPI by 2 times (before converting it to days). Negotiations with your supplier have been unsuccessful and the payment term has been reduced by 10 days. With these data you have to calculate: Re-calculate the Operating Cycle, the SCC, RC and SMC introducing the proposed changes.Calculate the opportunity cost that the changes will cause, if the company's interest rate is 8%.
- A firm sells the same material with two separate payment plans.1. According to the 1st payment plan, the payment period is 12 months, each monthly payment is 10.837.000 TL, and an interim payment of 12 million TL is required at the end of the 6th month.2. In the 2nd payment plan, the payment period is 18 months, each monthly payment is 7.965.000 TL and an interim payment of 36 million TL is required at the end of the 12th month. Annual nominal interest rate for both options is 60%. Which payment plan would you recommend? In payments, discrete compound interest is applied.Tommy Textiles Limited estimates that it takes the company 27 days on average to pay off its suppliers. It also knows that it has days sales in inventory of 64 days and days sales outstanding of 32 days. Which of the following is Tommy's cash conversion cycle? O a. 79 days O b. 49 days O c. 59 days O d. 69 days A Financial Analyst has recommended a $100 000 portfolio containing assets X, Y and Z. $20 000 will be invested in asset X, with a beta of 1.5; $50 000 will be invested in asset Y, with a beta of 2.0; and $30 000 will be invested in asset Z, with a beta of 0.5. The beta of the portfolio is: O a. 1.25 O b. 1.45 O c. 1.55 O d. 1.152
- 1. Fires Inc. has a cash conversion cycle of 3 weeks. It has a receivable turnover of 45 and disburse payments to suppliers after 1 week. Determine the normal operating cycle of Fires Inc. if the 360-day year is used. 2. Airbmac Inc. has a total asset and total sales of P1,500,000 and P4,500,000, respectively. If the net income of the firm is only 4% of the sales revenue, what is the return on assets?The cost of product X is 30 percent of its selling price, and the carrying cost is 8 percent of selling price. Accounts are paid on average 60 days after sale. Sales per month average P35,000. What is the investment in accounts receivable? CHOOSE THE ANSWERA. P600.00B. P6,600.00C. P19,000.00D. P16,600.00E. P26,600.00The cost of product X is 30 percent of its selling price, and the carrying cost is 8 percent of selling price. Accounts are paid on average 60 days after sale. Sales per month average P25,000. What is the investment in accounts receivable? choose the letter of the correct answera. P8,000.00b. P9,000.00c. P19,000.00d. P29,000.00e. P39,000.00