FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!
Question
1 Approved Answer

Hi please help thanks The management accountant of Windhoek Consulting Engineers (WCE) has provided us with the following information: WCE has N$74 million of accounts

Hi please help thanks

image text in transcribed
The management accountant of Windhoek Consulting Engineers (WCE) has provided us with the following information: WCE has N$74 million of accounts receivable, N$60 million of inventory, and N$ 128 million of accounts payable. Its average daily sales are N$1 910 000 and its gross profit margin is 30% Calculate the cash conversion cycle

Step by Step Solution

There are 3 Steps involved in it

Step: 1

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

blur-text-image_2

Step: 3

blur-text-image_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

Financial Accounting
Financial Accounting

Authors: Carl S Warren, James M Reeve, Jonathan Duchac

12th Edition

0538478519, 9780538478519

More Books

Students explore these related Accounting questions

Question

Locate the centroid (xc, yc) of the shaded area. Given: a = 16 ft b = 4 ft c = (a b)2 (V - Va) -y =

Answered: 3 weeks ago

Question

Laiho Industries's 2017 and 2018 balance sheets (in thousands of dollars) are shown. a. Sales for 2018 were $455,150,000, and EBITDA was 15% of sales. Furthermore, depreciation and amortization were...

Answered: 3 weeks ago

Question

How essential were the contributions of William Tuke, Philippe Pinel, Eli Todd, and Dorothea Dix to the creation of the field of clinical psychology? Would the field exist today without their work?

Answered: 3 weeks ago

Question

Flow of gas through a packed column, a horizontal tube with diameter 4 in. and length 5.5 ft is packed with glass spheres of diameter 1/16 in., and the void fraction is 0.41. Carbon dioxide is to be...

Answered: 3 weeks ago

Question

The wastewater of a town is transported to the wastewater treatment plant via a finished concrete (n = 0.012) pipeline. The pipe is partially filled with wastewater. The slope of the pipeline is...

Answered: 3 weeks ago

Question

For a continuous probability distribution, the total area under the curve is equal to For a continuous probability distribution, the total area under the curve is equal to

Answered: 3 weeks ago

Question

A combustion unit is burning refused derived fuel (RDF) consisting of 88% organics, 7% water, and 5% inorganics (inerts) at a rate of 1000 kg h. Assume the heat value of the fuel to be 17,000 kJ/kg...

Answered: 3 weeks ago

Question

A 4-m long, 150-kg steel beam is attached to a wall with one end connected to a hinge that allows the beam to rotate up and down. The other end of the beam is held in a horizontal position with a...

Answered: 3 weeks ago

Question

DM & DL variances; journal entries Madzinga's Draperies manufactures curtains. Curtain #4571 requires the following: Direct material standard 10 square yards at $5 per yard Direct labor standard 5...

Answered: 3 weeks ago

Question

4. (a) A steel beam is 12 m long when installed at 32 C. Determine how much does its length change when it changes temperature from -23 C to 55 C. For steel = 1.1 105 C. [PHYS0030 MID-TERM...

Answered: 3 weeks ago

Question

5.2 Assuming the workstation currently has one hard drive installed, what additional hardware would be necessary to implement each of the two methods? 5.3 What additional fault tolerance method would...

Answered: 3 weeks ago

Question

2. How do I perform this role?

Answered: 3 weeks ago

Question

6. List one and only one societal role that you wish you had performed better in. Spend the next month on a small push to improve your personal performance within this role. At the end of the month,...

Answered: 3 weeks ago

Question

9. Imagine that you have achieved the goal you set for yourself in task 8. a. What do you see in the past? b. How do you feel? c. What do you hear? d. How does this change your roles? e. How does...

Answered: 3 weeks ago

Previous Question Next Question