INTERMEDIATE ACCOUNTING WPNG MULTI-S
INTERMEDIATE ACCOUNTING WPNG MULTI-S
17th Edition
ISBN: 2818440096518
Author: Kieso
Publisher: WILEY
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Accounting assessment qn
Wilcox Vehicle Inspections specializes in inspecting commercial trucks that have been returned to leasing companies at the end of their contracts. Wilcox's charge per inspection is $75, and its average cost per inspection is $20. The owner wants to expand the business by hiring another employee and acquiring additional inspection equipment. The fixed costs for the new employee and equipment would be $4,500 per month. Required: How many inspections per month would the new employee have to perform to earn a profit of $2,000?
A firm's days of sales outstanding are 23.4, days ofinventory on hand are 45.9, and the number of days of payables is 34.7. When credit sales are made by the firm, the buyer agrees to pay the balances owed in30 days. What is the firm's cash conversion cycle?
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