You have recently been hired to improve the performance of multiplex corporation, which has been experiencing a severe cash shortage. as one part of your analysis, you want to determine the firm’s cash conversion cycle. using the following information and a 365-day year, what is your estimate of the firm’s current cash conversion cycle? • current inventory = $120,000. • annual sales = $600,000. • accounts receivable = $157,808. • accounts payable = $25,000. • total annual purchases = $365,000. • purchases credit terms: net 30 days. • receivables credit terms: net 50 days.

Materials purchases (on credit). direct materials used in production. direct labor paid and assigned to work in process inventory. indirect labor paid and assigned to factory overhead. overhead costs applied to work in process inventory. actual overhead costs incurred, including indirect materials. (factory rent and utilities are paid in cash.) transfer of jobs 306 and 307 to finished goods inventory. cost of goods sold for job 306. revenue from the sale of job 306. assignment of any underapplied or overapplied overhead to the cost of goods sold account. (the amount is not material.) 2. prepare journal entries for the month of april to record the above transactions.

Suppose that a monopolistically competitive restaurant is currently serving 260 meals per day (the output where mr

Turtle corporation produces and sells a single product. data concerning that product appear below: per unit percent of sales selling price $ 150 100 % variable expenses 75 50 % contribution margin $ 75 50 % the company is currently selling 5,600 units per month. fixed expenses are $194,000 per month. the marketing manager believes that a $5,300 increase in the monthly advertising budget would result in a 190 unit increase in monthly sales. what should be the overall effect on the company's monthly net operating income of this change?