Question # 1: During the year the following changes were observed. (I.) Inventory period increased by 12 days (II.) Receivables period decreased by 6 days (III.) Accounts payable period increased by 4 days Find the net change in cash conversion cycle

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: A company has credit turnover of NOK 10 million this year. 31.12.x1 this year, trade receivables…

A: Average Credit time = Average Accounts receivable/Total Credit Sales*No. of days   Average accounts…

Q: Here is a forecast of sales by National Bromide for the first four months of 2022 (figures in $…

A: The cash inflow calculation include calculating credit sales and cash sale .The total sales is…

Q: What is a meaning of decrease in accounts receivable of $16,000 for the year ?

A: Accounts receivable is an amount receivable from debtors.

Q: Estimated sales for the next four months are as follows (in $ million): Month Cash sales Credit…

A: In accounting we often make cash budgets. A cash budget is a budget or a document that shows the…

Q: 22. The company has P5,000,000 n in inventory and P2,000,000 in accounts receivable. Its a daily…

A: Cash conversion cycle is the time period that the company takes to convert its inventory into cash.…

Q: A firm had credit sales of $15,750,000 last year and its days sales outstanding was 65 days.  What…

A: Given, Credit sales = $15,750,000. Days sales outstanding = 65 days.

Q: Sales reported on the income statement were $690,000. The accounts receivable balance declined…

A: The account receivables are the current assets of the business and are recorded in the balance…

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: If Emperium Inc. had credit sales of 2,027,773 per year and its days sales outstanding was equal to…

A: Days Sales or Receivables Outstanding means the number of days it takes a company to realize cash…

Q: Assume the credit terms offered to your firm by your suppliers are 4/20, net 50. Calculate the cost…

A: Hi student Since there are multiple questions, we will answer only first question. If you want…

Q: ccounts Receivable Analysis: A company reports the following Sales $649,700 64,970 Average accounts…

A: Ratio analysis: It is a method used to measure the liquidity, profitability, efficiency of the…

Q: Accounts receivable turnover and days' sales in receivables For two recent years, Robinhood Company…

A: Calculation of accounts receivable turnover ratios Accounts receivable turnover ratio = Net Sales/…

Q: A firm had credit sales of $15,750,000 last year and its days sales outstanding was 65 days. What…

A: Days Sales Outstanding (DSO) is the measure the average number of days  a business to receive…

Q: Your company had net sales of $100,000 over the past year. One quarter of the sales were credit…

A: Net Sales = 100,000 One quarter were credit sales Credit Sales = Net Sales / 4 = 100,000 / 4 =…

Q: Huron Corporation generated total sales of $10,000,000 during the year with 80% representing credit…

A: The allowance for doubtful accounts is the contra assets account which is maintained to record…

Q: What are the amounts and percentages of increase or decrease that would be shown with horizontal…

A: Horizontal analysis is made and analyzed by the company so that there could be made a comparison…

Q: A company's sales for the coming months are as follows: April, P175,000 June, P140,000 August,…

A: The Cash Budget is the total estimation of the total cash receipts and the total cash to be disburse…

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: If Hot Corporation has a balance in account receivable of P80,000, total assets of P520,000, credit…

A: Here, Accounts Receivables is P80,000 Total Assets is P520,000 Credit Sales is P360,000 Current…

Q: Zane Corporation has an inventory conversion period of 48 days, an average collection period of 26…

A: Cash conversion cycle(CCC) will be CCC =Inventory conversion period + Average collection period…

Q: Discount Computers' accounts receivable increases during the year by $3.7 million. What is the…

A: Working notes       1 Cash Received  from customer             Million        Credit Sales…

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: Westerly Industries has the following financial information. What is its cash conversion cycle?…

A: The cash conversion cycle refers to the number of days required to convert the cash that is spent on…

Q: PROBLEMS Bacolod Supermart made cash sales of P3,000,000 and credit sales of P8,000,000. Out of the…

A: The accrual profit is the profit calculated on the basis of revenue earned and expenses incurred…

Q: Accounting has supplied the following information from our ERP system:Data: Sales over last 30 days…

A: Cash conversion cycle is the total time period taken by the firm to complete its operating cycle. It…

Q: TMRW Co. has annual credit sales of $1,080,000 and an average collection period of 32 days in 2010.…

A: 1.  TMRW Co.-   Average accounts receivable balance =  (Annual Credit Sales / 360 days) x Average…

Q: ABC's sales for this year were $32,250,000 and the Accounts Receivable Turnover Ratio was 15.5. Next…

A: Given, ABC's sales for this year were $32,250,000  &  Accounts Receivable Turnover Ratio was…

Q: Cash and accounts receivable for Adams Company are provided below:   Current Year   Prior Year Cash…

A:

Q: If ABC Corporation has annual credit sales of Ᵽ990,000 and its average accounts receivable is…

A: The Numerical has covered the concept of Accounting Ratio.  The Formula is used to calculate the…

Q: Imagine that you are the financial analyst for XYZ Company. The organization is trying to determine…

A: Accounts receivable is a type of asset that represents the amount of money owed to a business by its…

Q: A firm has $5 million of inventory and $2 million of accounts receivable. Its average daily sales…

A: The Cash Conversion Cycle (CCC) is a financial metric that measures the time it takes for a company…

Q: The net sale of a company is estimated to be SAR 384,000. How much will be the accounts receivable…

A: The ratio analysis helps to analyse the financial statements of the business. The account…

Q: YOLO Corporation reported sales revenue of $220.000 for the current year If accounts receivable…

A: ACCOUNT RECEIVABLE : It is the asset for the company as cash flows in. If there is decrease in…

Q: Cash and accounts receivable for Adams Company are provided below: Prior Year $50,000 80,000 Current…

A: The calculation of amount and percentage of increase or decrease that would be shown with horizontal…

Q: nmoo Company's average age of accounts receivable is 89 days, the average age of accounts payable is…

A: The cash conversion cycle (CCC) is a financial metric that measures the time it takes for a company…

Q: ABC Co.'s accounts receivable amounted to $500,000 for year 1, and had increased by 50% in year 2.…

A: Total accounts receivable for year 2 = Total accounts receivable for year 1+ Total accounts…

Q: Cash and accounts receivable for Adams Company are as follows:   Current Year   Prior Year Cash…

A: Horizontal analysis is a trend analysis of financial statement that shows changes in the…

Q: Net Credit Sales = 12,000. Accounts receivable turnover = 18.8 times. Cost of goods sold = 2,000.…

A: average collection period in days = 365 days / accounts recievables turnover ratio   Given that,…

Q: Video Shack’s accounts receivable decreases during the year by $9 million. What is the amount of…

A: Accounts receivable: Accounts receivable refers to the amounts to be received within a short period…

Q: Accounts receivable management This table, , shows that Blair Supply had an end-of-year accounts…

A: It is the time taken to convert the accounts receivable into cash. The lower the ratio, the company…

Q: Calculate Debtors Turnover Ratio and Average Collection Period (in days) from the following.…

A: We have the following information: Total Sales: Rs.6,00,000 Cash Sales: 20% of Total sales Trades…

Q: ABC Company's Days Sales Outstanding (DSO) has increased from 20.3 days to 33.7 days this year,…

A: Days Sales outstanding = (Accounts Receivable / Credit Sales)  *365

Q: Average account receivables-60 days, Inventories-85 days, Average account payable-55 days Company…

A: Cash conversion cycle is the period required to recover cash money from business and it shows the…