Business, 20.04.2020 20:20 kenniedalany
American Products is concerned about managing cash efficiently. On average, inventories have an age of 80 days, and accounts receivable are collected in 40 days. Accounts payable are paid approximately 30 days after they arise. The firm has annual sales of about $30 million. Goods sold total $20 million, and purchases are $15 million.
a. Calculate the firmโs operating cycle.
b. Calculate the firmโs cash conversion cycle.
c. Calculate the amount of resources needed to support the firmโs cash conversion cycle.
d. Discuss how management might be able to reduce the cash conversion cycle.
Answers: 1
Business, 22.06.2019 04:30
The lee family is looking to buy a house in one of two suburban areas just outside of a major city, and air quality is a top priority for them. overall air quality is calculated by taking measures in 100 locations within each suburb and then calculating a measure of central tendency. in one suburb, there is a major bus station that creates very poor air quality at its location but has no impact in the surrounding parts of the suburb. in this situation, which measure of overall suburb air quality would be most useful?
Answers: 3
Business, 22.06.2019 19:40
Which term describes an alternative to car buying where monthly payments are paid for a specific period of time, after which the vehicle is returned to the dealership or bought? a. car financing b. car maintenance c. car leasing d. car ownership
Answers: 3
Business, 22.06.2019 22:00
Which of the following is the term for something that you can't live without 1. need 2. want 3. good 4. service
Answers: 1
American Products is concerned about managing cash efficiently. On average, inventories have an age...
Biology, 17.12.2020 07:50
Mathematics, 17.12.2020 07:50
Mathematics, 17.12.2020 07:50
Mathematics, 17.12.2020 07:50
Mathematics, 17.12.2020 07:50
Mathematics, 17.12.2020 07:50
Business, 17.12.2020 07:50
History, 17.12.2020 07:50
Mathematics, 17.12.2020 07:50
Chemistry, 17.12.2020 07:50