Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Feb 28, 2022

Galaxy Donuts has a cash conversion cycle of ______ days, which is a very healthy turnover rate. A. 120 B. 60 C. 30 D. 90.

Galaxy Donuts has a cash conversion cycle of ______ days, which is a very healthy turnover rate.

A. 120

B. 60

C. 30

D. 90.

Step by Step Solution

★★★★★

3.50 Rating (157 Votes )

There are 3 Steps involved in it

Step: 1

Option C is correct 30 dyas Explanation Cash conver... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Essentials of Managerial Finance

Authors: Scott Besley, Eugene F. Brigham

14th edition

324422709, 324422702, 978-0324422702

More Books

Students also viewed these Accounting questions

Question

★★★★★

Why is the average cash conversion cycle of European firms more than two times longer than the average cash conversion cycle of U.S. firms?

Answered: 1 week ago

Question

★★★★★

A company's cash conversion cycle increased from 55 days in year 1 to 68 days in year 3. What are the implications of this increase? What do you think happens to the cash conver sion cycles of...

Answered: 1 week ago

Question

★★★★★

A firm has an operating cycle of 120 days, an average collection period of 40 days, and an average payment period of 30 days. The firms average age of inventory is _____days. A. 80 B. 50 C. 90 D. 70

Answered: 1 week ago

Question

★★★★★

Let S be the portion of the cylinder y = e x in the first octant that projects parallel to the x-axis onto the rectangle R yz : 1 y 2, 0 z 1 in the yz-plane. Let n be the unit vector normal to S...

Answered: 1 week ago

Question

★★★★★

Explain the relationship between the following items: a. DPAD and W2 wages. b. DPAD and QPAI. c. DPAD and TI. d. DPGR and QPAI. e. DPAD and AMT.

Answered: 1 week ago

Question

★★★★★

Uber is a rideshare service that claims all Uber drivers are independent contractors. Bettina is an Uber driver that is among a growing number of rideshare drivers that claim that they are actually...

Answered: 1 week ago

Question

★★★★★

Anger: The Medical Perspective Search the Internet for medical research studies on anger. Go to the book Web site at www.mhhe.com/waitley5e for links to various medical Web sites. What effect does...

Answered: 1 week ago

Question

★★★★★

Donaldson sold plumbing supplies. The St. Paul-Mercury Indemnity Co., as surety for him, executed and delivered a bond to the state of California for the payment of all sales taxes. Donaldson failed...

Answered: 1 week ago

Question

★★★★★

Assignment 7 Write the solution in a Notepad or Word file and upload it. Department(department_id, name, no_of_courses); Student(std_id, name, cpga, gender, department_id, course_id)...

Answered: 1 week ago

Question

★★★★★

Your company is considering deploying a chatbot, a virtual customer assistant, to initially handle customer service calls and, only when necessary, route callers to human operators for additional...

Answered: 1 week ago

Question

★★★★★

On January 1, 2017, Stream Company acquired 27 percent of the outstanding voting shares of Q-Video, Inc., for $648,000. Q-Video manufactures specialty cables for computer monitors. On that date,...

Answered: 1 week ago

Question

★★★★★

Hardyke Group operates a local after-school recreation and activities program. The Education Department is a state governmental agency. Hardyke has an agreement with the Department to provide...

Answered: 1 week ago

Question

★★★★★

C TBM aw 2 Exercise 16-38 (Static) Flexible Budget (LO 16-2) 52 nts Golden Food Products produces special-formula pet food. The company carries no inventories. The master budget calls for the company...

Answered: 1 week ago

Question

★★★★★

Abercrombie & Fitch Co.-Transactions and Financial Statements Abercrombie & Fitch Co., a Delaware corporation, is principally engaged in the purchase, distribution and sale of men's, women's and...

Answered: 1 week ago

Question

★★★★★

Splish Brothers Inc.'s comparative balance sheets are presented below. Splish Brothers Inc. Comparative Balance Sheets December 31 Cash Accounts receivable Land Buildings 2022 2021 $ 14,700 $11,000...

Answered: 1 week ago

Question

★★★★★

Consider the following classic portfolio choice problem. Two assets are available to an investor at time t. One is riskless, with simple return Rf from time t to t+1 , and the other is risky. The...

Answered: 1 week ago

Question

★★★★★

Current Attempt in Progress Accounts receivable in the amount of $672,000 were assigned to the Fast Finance Company by Bramble, Inc., as security for a loan of $576,000. The finance company assessed...

Answered: 1 week ago

Question

★★★★★

What mass of KBr (in grams) should you use to make 350.0 mL of a 1.30 M KBr solution?

Answered: 1 week ago

Question

★★★★★

What data are necessary to construct a financial break-even chart?

Answered: 1 week ago

Question

★★★★★

Merville Corporation will begin operations next year to produce a single product at a price of $12 per unit. Merville has a choice of two methods of production: Method A, with variable costs of $6.75...

Answered: 1 week ago

Question

★★★★★

Wachovia [WB] is a financial services company that is often held in the portfolios of investors who are interested in earning dividend income. These investors are interested in the expected growth...

Answered: 1 week ago

Question

★★★★★

In terms of differing cultures, what should be the goal of every test designer? a. to create a test free of cultural bias b. to create a test that is culturally fair c. to create a test with no...

Answered: 1 week ago

Question

★★★★★

Identify ways to evaluate the quality of a test.

Answered: 1 week ago

Question

★★★★★

In recent studies, what do some researchers argue is a more accurate means of gauging success in relationships and careers? a. intellectual intelligence b. emotional intelligence c. heredity studies...

Answered: 1 week ago

Previous Question Next Question