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(a) Calculate the cost for each term of credit below: i. 4/20 net 90 ii. 9/15 net 75 iii. 2/9 net 45 (b) Cocoa-land Holdings
(a) Calculate the cost for each term of credit below: i. 4/20 net 90 ii. 9/15 net 75 iii. 2/9 net 45 (b) Cocoa-land Holdings Berhad has annual sales of RM6,000,000 and maintains an average inventory level of RM1,000,000. The average accounts receivable balance outstanding is RM990,000. The average accounts payable balance outstanding is RM490,000 and the cost of goods sold is RM4,200,000. Assume there are 365 days a year, calculate: i. Operating cycle. ii. Cash conversion cycle
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