KMT Company's Average A payable is OMR 550,000 ar Purchases is OMR 1000,000 Cash purchases are 20% o purchases. In this case, the payment period of the com be: a. 250.94 days b. 200.75 days c. 154.67 days o d. 132.73 days

Q: Net credit sales for Turner Company are $200,000 for the year and the average accounts receivable…

A: Average collection period = Accounts Receivable Turnover Ratio =

Q: True answer of cash cycle

A: Step 1: Introduction to the Cash CycleThe cash cycle describes the time a business requires to…

Q: YZ's receivables turnover is 24x. The accounts receivable at year-end are $410,000. The average…

A: Account receivables are payment due to the customers that are not received yet and will be received…

Q: 1. Cash at bank on 1 January 2023 amounted to R200 000. 2. Projected sales for the first four months…

A: A cash budget is prepared preparing a schedule for cash collection and cash payment. The cash budget…

Q: 5. The accounts receivable for PEA Company was P140,000 at the beginning of the year and P180,000 at…

A: solution note dear student as per the Q&A guideline we are required to answer the first question…

Q: Cass & Company has the following data. What is the firm's cash conversion cycle? Inventory…

A: Information Provided: Inventory Conversion Period = 47 days Receivables Collection Period = 17 days…

Q: Nock Inc. has a Days Inventory Outstanding of 13, an Accounts Receivable $128, an Average Sales per…

A: Cash Conversion Cycle is a method used by the management and it can be calculated as follows, =Days…

Q: If trade Receivables Turnover is 5 ,and average Trade Receivables is 100.000 a) Other Receivables…

A: Ratio analysis means where different ratio of various years of years companies has been compared and…

Q: Yeti Televisions has the following information: Inventory Outstanding = 15 Days Accounts Receivable…

A: Cash Conversion Cycle: = Inventory outstanding in days + outstanding sales in days - outstanding…

Q: What is the accounts receivable turnover ratio? O 17.1 times 10.0 times 13.3 times 20.0 times

A: Financial ratios are those which provide a summary of the accounts of a company and helps an…

Q: A company reports the following Infommation for the year. Net credit sales $110,000 12,000 98,000…

A: Receivables turnover Ratio: The receivable turnover ratio is a kind of measuring ratio how the is…

Q: Please compute for the letter E to L requirements.

A: Hi Student, since there are multiple subparts, we will answer only three subparts. If you want…

Q: 1. Based on the following financial statement information, what is the cash cycle? Interpret. (2…

A: Cash cycle = Days of Sales outstanding + Days of inventory outstanding – Days of payable…

Q: What is the firm's cash (conversion) cycle?

A: Information provided: Inventory Conversion Period = 38 days Receivables Collection Period = 19 days…

Q: This year your company has $34 million of credit sales and average receivables of $7 million. Your…

A: APR signifies the complete expense of borrowing money for a year. It is expressed as a percentage of…

Q: Using the Information below, compute the cash conversion cycle: 42 days 59 days 52 days Days' sales…

A: Cash conversion cycle is the number of days it takes for an inventory to convert into cash.

Q: January 29: Recorded the month's sales of $1,650,000 (excludes PST and GST), 90 percent on credit…

A: PST payable is calculated as below:Now the GST payable is calculated as below:

Q: Net credit sales = $400,000 Net income = $100,000 Average total assets = $80,000 Average accounts…

A: calculation of average collection period are as follows

Q: balance in account receivable of P80,000, total assets of P520,000, credit sales of P360,000, and…

A: the formula for calculation the account receivable turn ratio is total credit cell of the company is…

Q: Total value of Handsome Service for the period is P250,000. All are on cash basis except for the…

A: When discussing a company's operations, the term "capital" refers to the aggregate value of all…

Q: Al Sharif Company's Average Accounts Receivables is OMR 360,000 and total Sales is OMR 1,200,000.…

A: Credit sale=Total sale×100-Cash sale %=OMR 1,200,000×100-40%=OMR 720,000

Q: Bulldogs Inc. had credit sales last year amounted to P18,600,000. The firm also had an average…

A: Solution.. Credit sales = P18,600,000  Average accounts receivable = P1,380,000  Average collection…

Q: What is the receivales turnover and what is the average collection period (days sales outstanding) ?

A: Information Provided: Credit sales = $10,640,000 Receivables = $1,520,000

Q: If Cactus, Inc. has annual sales of $83,000, average accounts payable of $30,000, and average…

A: Sales = $83000 Account payable = $30000 Accounts receivable = $25000

Q: ABC LTD's average trade receivables and trade payables for an accounting period are R12.5m and R18m…

A: Trade receivables collection period = 365 / (Credit sales / average trade receivables) = 365 /…

Q: Transaction cost Rs 625 per transaction, Holding cost 9.6% p.a. Quarterly cash usage Rs. 12,00,000.…

A: Transaction cost per transaction is Rs 625 Holding cost per annum is 9.6% Quaterly holding cost is…

Q: The Allowance for uncollectible accounts currently has a debit balance of $200.  The company's…

A: Allowance for Uncollectible Account Allowance for uncollectible account is the provision created…

Q: Give company's cash cycle

A: The cash cycle, also known as the cash conversion cycle (CCC), is a metric that measures how long it…

Q: What is the accounts payable total on $112,000 with 2/10 net 30

A: Note: 2/10, n/30: Here, 2 represent the discount rate if payment is made within ten days. And if…

Q: NG has the following financial data as of December 31, 2019: Gross sales = P250,000.00 Sales…

A: Accounts receivable turnover ratio is calculated by dividing  days in a year by average collection…

Q: MULTIPLE CHOICE  Milch Corporation sells on terms of net/90. Their accounts receivable are on…

A: The average investment in receivables can be estimated with the help of days sales outstanding…

Q: Accounts Receivable, beg. 140,000.00; Accounts Receivable, end 75,000; Net Sales - 3,500,000.00. Of…

A: Answer -  Cash Collection from Sales on Account =  Beginning Accounts receivables + Sales - Ending…

Q: Compute for Receivable Collection Period, Inventory Conversion Period, Payables Deferral period and…

A: “Since you have posted a question with multiple sub-parts, we will solve the first three sub-parts…

Q: Accounts Receivable, beg. 140,000.00; Accounts Receivable, end 75,000.00; Net Sales - 3,500,000.00.…

A: Formula: Cash Collection from Sales on Account = Beginning Accounts receivable + Credit sales -…

Q: Qwerty Limited has sales revenue of $4,500,000 (all on credit), cost of sales of $2,997,000,…

A: Accounts Receivable Turnover Ratio The ratio of the median trade receivables for a term divided by…

Q: The net earnings of Co. XY after income taxes of P 12,000 and bond interest of 7,500 was P 48,000.…

A: "Since you have asked multiple questions, we will solve first question for you. If you want any…

Q: #9: Accounts Receivable, beg. 150,000.00; Accounts Receivable, end 125,000.00; Cash Collection from…

A: Accounts Receivable A/c  Particulars  Amount Particulars  Amount To balance  b/d  150,000.00 By…

Q: Find the size of the monthly bank payment: P=$75,000 interest= 7 3/4% time= 4 months

A: Using excel PMT function

Q: Red Sun Company has a current accounts receivable balance of $350,000. Credit sales for the year…

A: The average collection period, also known as the day's sales outstanding (DSO), is a measure of how…

Conversion Cycle

Conversion cycle is also known as cash cycle or net operating cycle. Conversion cycle refers to how much time a company takes to turn its investments which is done from stock or any other financial resources into cash flows from sales.