Question
14. Bradco Supply currently has an operating cycle of 62 days. The company is analyzing some operational changes, which are expected to decrease the accounts
14. Bradco Supply currently has an operating cycle of 62 days. The company is analyzing some operational changes, which are expected to decrease the accounts receivable period by 2 days and increase the inventory period by 5 days. The accounts payable turnover rate is expected to increase from 24 to 28 times per year. If all of these changes are adopted, what will the company's new operating cycle be?
15. COP Communications has an inventory period of 43 days, an accounts payable period of 36 days, and an accounts receivable turnover rate of 28. What is the length of the cash cycle? (Assume a 365-day year)
16. As of the beginning of the quarter, ONeills Pub Supplies had a cash balance of $10,660. During the quarter, the company collected $12,500 from customers and paid suppliers $12,330. The company also paid an interest payment of $750 and an income tax payment of $1,000. In addition, the company repaid $1,525 on its long-term debt. What is ONeills cash balance at the end of the quarter?
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