Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Please, this is a final work! I need this to graduate Prestopino Corp. produces 1,500 batteries for cars daily, with wage and raw material costs,

image text in transcribed
image text in transcribed
image text in transcribed
Please, this is a final work! I need this to graduate
Prestopino Corp. produces 1,500 batteries for cars daily, with wage and raw material costs, of $ 6 per unit The signing will take 22 days to convert the raw material into batteries. It allows customers to pay for the batteries within 40 days and the firm generally pays its suppliers within 30 days. what is the cash conversion cycle? how much is the amount of working capital that needs to be financed, if kept producing 1,500 batteries? if the firm reduced to 35 days, your pay period, how much the financing needs of working capital will be reduced? Soco Corp. has an inventory conversion period of 75 days, an average collection period of 38 days and a period of payment of 30 days. what is the cash conversion cycle? if the annual sales of the company are 3,421,875 how much is the accounts receivable? how often inventories rotate

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

Step: 3

blur-text-image

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

Emerging Market Finance New Challenges And Opportunities

Authors: Bang Nam Jeon, Ji Wu

1st Edition

1839820594, 978-1839820595

More Books

Students also viewed these Finance questions