Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jul 29, 2024

The length of Tech and Applications Company s operating cycle is 1 3 0 days, the average age of inventory is 5 0 days, and

The length of Tech and Applications Company

s operating cycle is

130

days, the average age of inventory is

50

days, and the average age of accounts payable is

45

days. What is the company

s average age of accounts receivable?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

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

Business Finance

Authors: Eddie McLaney

11th Edition

1292134402, 9781292134406

More Books

Students also viewed these Finance questions

Question

★★★★★

For the simple pendulum shown in Figure E3.20, the nonlinear equations of motion are given by where g is gravity, L is the length of the pendulum, m is the mass attached at the end of the pendulum...

Answered: 1 week ago

Question

★★★★★

Medical: Blood Type Blood type AB is found in only 3% of the population (Reference: Textbook of Medical Physiology, by A. Guyton, M.D.). If 250 people are chosen at random, what is the probability...

Answered: 1 week ago

Question

★★★★★

Did the researcher do a dependability audit?

Answered: 1 week ago

Question

★★★★★

As of December 31, the end of the current year, the ledger of Harris Company contained the following account balances after adjustment. All accounts have normal balances. Journalize the...

Answered: 1 week ago

Question

★★★★★

II. Identify types of third parties on. In class we noted that there are different types of third parties. Classify the independent situations shown below as either (a) Primary beneficiary...

Answered: 1 week ago

Question

★★★★★

2. Faculty salaries Cal Berkely is trying to right-size its dpeartments according to salary. They have made several efforts over the years to make each Department equally competitive with its peer Dep

Answered: 1 week ago

Question

★★★★★

Factors contributing to behaviors of concern can be: environmental systemic and structural including discrimination physical emotional medications structural individual relational Read the text for...

Answered: 1 week ago

Question

★★★★★

Let's Apply Use the Venn diagram to identify elements formed in hydrogen burning processes: Proton-proton chain reaction (PPCR) and carbon-nitrogen-oxygen (CNO) cycle. PPCR CNO cycle both

Answered: 1 week ago

Question

★★★★★

There is an amusement park where children of a certain age get a discount. At the ticket kiosk, the computer asks the age of the participant. If their age is younger than 15, the entrance price is...

Answered: 1 week ago

Question

★★★★★

E23.3 (LO2, 3) (Preparation of Operating Activities SectionIndirect Method, Periodic Inventory) The income statement of Rodriquez SA is shown below. Rodriquez SA INCOME STATEMENT FOR THE YEAR ENDED...

Answered: 1 week ago

Question

★★★★★

Currently, over half the human population uses the internet, thus creating the growing problem of what is called "digital pollution" which originates from both the Earth materials used to make the...

Answered: 1 week ago

Question

★★★★★

Because of pressure from her brokerage firm, a stockbroker recommended a type of bond that she did not consider to be a good investment. Ethical Unethical

Answered: 1 week ago

Question

★★★★★

A small business received one-fourth of its revenues in the form of cash. On the companys income tax forms, the owner reported only one-half of the cash receipts. Ethical Unethical

Answered: 1 week ago

Question

★★★★★

An employer received applications for a supervisors position from two equally qualified applicants. The employer hired the male applicant because he thought some employees might resent being...

Answered: 1 week ago

Previous Question Next Question