The CWRUSM identified nine core competencies including professionalism through the curriculum. The student’s committee determined the level of professionalism a student should follow. The person AAD was a student in the school who performed well in academics, but his behavior towards other students was not decent. He was sexually harassing fellow students, misbehaving with others in the hospital staff, and was found guilty of driving while intoxicated. The university decided to dismiss him and unanimously refused to provide him certificate of graduation. He filed a suit in court where the university was ordered to issue a diploma to him. To Find: The impact on other students in case the person AAD was awarded a diploma by the university, ignoring his bad conduct.

Question

Globex Corp. has forecasted sales of $30.0 million for next year and expects its cost of goods sold (COGS) to remain at 80% of sales. Currently, the firm holds $2.8 million in inventories, $2.3 million in accounts receivable, and $2.4 million in accounts payable. (Use 365 days are the length of a year in all calculations.) a. Approximately how long does it currently take Globex Corp. to convert raw materials to its finished products and then to sell them? b. On average, how long does it take from the time a sale is made until the time cash is collected from customers? c. Globex Corp. relies on customer credit when it buys raw materials from its suppliers. How long does it take after the firm purchases materials before it sends cash to its suppliers? d. What is the length of Globex Corp.'s cash conversion cycle (CCC)?

Answer 1

Question

Chapter 5, Problem 4CT

Summary Introduction

Case summary:The CWRUSM identified nine core competencies including professionalism through the curriculum. The student’s committee determined the level of professionalism a student should follow. The person AAD was a student in the school who performed well in academics, but his behavior towards other students was not decent. He was sexually harassing fellow students, misbehaving with others in the hospital staff, and was found guilty of driving while intoxicated. The university decided to dismiss him and unanimously refused to provide him certificate of graduation. He filed a suit in court where the university was ordered to issue a diploma to him.

To Find:The impact on other students in case the person AAD was awarded a diploma by the university, ignoring his bad conduct.

Expert Solution & Answer

Trending nowThis is a popular solution!

See solution

Check out sample textbook solution

Students have asked these similar questions

Globex Corp. has forecasted sales of $30.0 million for next year and expects its cost of goods sold (COGS) to remain at 80% of sales. Currently, the firm holds $2.8 million in inventories, $2.3 million in accounts receivable, and $2.4 million in accounts payable. (Use 365 days are the length of a year in all calculations.) a. Approximately how long does it currently take Globex Corp. to convert raw materials to its finished products and then to sell them? b. On average, how long does it take from the time a sale is made until the time cash is collected from customers? c. Globex Corp. relies on customer credit when it buys raw materials from its suppliers. How long does it take after the firm purchases materials before it sends cash to its suppliers? d. What is the length of Globex Corp.'s cash conversion cycle (CCC)?

Sam sold land to Brenda. The sales price was $200,000. Sam paid a commission to a real estate broker of $12,000 and paid other selling expenses of $2,425. Sam's basis in the land was $116,750. What was Sam's gain realized on the sale of the land?

Hii tutor give me Answer