Question
1) Consider the following financial statement information for the Amaryliss Corporation: Item Beginning Ending Inventory $10,982 $11,780 Accounts receivable 6,251 6,781 Accounts payable 6,552 6,893
1) Consider the following financial statement information for the Amaryliss Corporation:
Item | Beginning | Ending | |
Inventory | $10,982 | $11,780 | |
Accounts receivable | 6,251 | 6,781 | |
Accounts payable | 6,552 | 6,893 | |
Net sales | $139,903 | ||
Cost of goods sold | 87,713 |
Assume all sales are on credit. Calculate the operating and cash cycles.(Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.)
Operating cycle | days |
Cash cycle | days |
|
2)You place an order for 2,100 units of Good X at a unit price of $58. The supplier offers terms of 1/30, net 3.
What is the discount being offered?(Enter your answer as a percent.) How many days credit are you receiving?(Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.)
3)Clap Off Manufacturing uses 3,100 switch assemblies per week and then reorders another 3,100. Assume the relevant carrying cost per switch assembly is $6.80 and the fixed order cost is $530. Calculate the carrying costs.(Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) Carrying costs $ Calculate the restocking costs.(Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) Restocking costs $ Calculate the economic order quantity.(Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Economic order quantity Calculate the EOQ number of orders per year.(Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Number of orders per year
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