Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on May 15, 2024

U Tany Company ventures in a teakwood furniture business. Its supplier, Mr Chong had been given a 20 - day period to settle his payments.

U TanyCompanyventuresin ateakwood furniture business. Its supplier, Mr Chong had been givena20-day periodtosettle his payments.

Sales $450,000

Averageinventory $50,000

Account receivables $15,000

360 days in a year

find a) inventory conversion period

b) account receivable conversion period

c) deferred payments period

d) cash conversion cycle period

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

Principles Of Managerial Finance

Authors: Lawrence J. Gitman, Chad J. Zutter

13th Edition

9780132738729, 136119468, 132738724, 978-0136119463

More Books

Students explore these related Finance questions

Question

7) The second financial statement to prepare is the statement of retained eamings. To determine the ending balance of retained earnings you need to start with the opening balance as reported in the...

Answered: 3 weeks ago

Question

Question: What as the average weekly safety inventory level of refined sugar from the beginning January 2022 to the end of July 2022? A. 512,465.9691 metric tons per week B. 316,002.1474 metric tons...

Answered: 3 weeks ago

Question

Consider the following information: Rate of Return if State Occurs State of Economy Boom :57 Bust of Economy .66 .34 Probability of State Stock A .09 .13 Stock B Stock C .03 .19 .24 -.04 a. What is...

Answered: 3 weeks ago

Question

As we continue our discussions regarding revenue's associated with public sector, this will help reinforce some of the ideas regarding taxes on goods and services. Through the next week, save your...

Answered: 3 weeks ago

Question

Why is the unequal-variances version of the t-test of 1 2 generally preferred to the equal-variances version? Mention three reasons.

Answered: 3 weeks ago

Question

The Japanese have a popular belief that any defendant who risks his fate on the opinions of untrained laymen in a jury is almost certainly guilty. Do you agree with this contention? Why or why not?

Answered: 3 weeks ago

Question

What do you need to do to ensure that they would want you to work for them?

Answered: 3 weeks ago

Question

EPS) Presented below are selected ledger accounts of Tran Corporation as of December 31, 2014. Cash ......................$ 125,000 Administrative expenses .............. 250,000 Selling expenses...

Answered: 3 weeks ago

Question

Data: In 2 0 2 0 , Corp. ABD reported the following: Revenues = $ 6 9 million, COGS = $ 3 0 million, Operating Expenses = $ 2 1 million, Depreciation = $ 2 million, Adjusted taxes ( AT ) = $ 8...

Answered: 3 weeks ago

Question

Complete the diagram below, which shows the flux of alanine's amino group from its entry into the liver to its exit as urea. NAD(P) NAD(P)H 2 Alanine 2 -Ketoglutarate 2 ATP HCO,- 2 ADP+2P...

Answered: 3 weeks ago

Question

Shadee Corporation expects to sell 640 sun shades in May and 320 in June. Each shades sells for $16. Shadee's beginning and ending finished goods inventories for May are 85 and 55 shades,...

Answered: 3 weeks ago

Question

The use of primary elections completely eliminates the influence of political bosses or political machines in Texas. Question 24 options: True False

Answered: 3 weeks ago

Question

Gibson Valves produces cast bronze valves on an assembly line, currently producing 1600 valves per shift. If the production is increased to 2000 valves per shift, labor productivity will increase by

Answered: 3 weeks ago

Question

1. Consider the following: Time Period 1 2 3 4 Total cost Receipts $20,000 $30,000 $50,000 $60,000 Total Cost Disbursements $15,000 $36,000 $59,000 $44,000 The organization must maintain a $5,000...

Answered: 3 weeks ago

Question

Income Statements under Absorption Costing and Variable Costing Gallatin County Motors Inc. assembles and sells snowmobile engines. The company began operations on July 1 and operated at 100% of...

Answered: 3 weeks ago

Question

1) World Coffee, Incorporated has provided the following information pertaining to the store's month ended October 31, 2022: Sales revenue $100,000 Supplies expense $1,500 Interest expense 6,900 Rent...

Answered: 3 weeks ago

Question

For transaction 2 I tried 1,550,000/(10*2)= 77500 and is incorrect. Journa Return to question Date Jan 1,2021 On January 1, 2021, Madison Products issued $85 million of 6%, 10-year convertible bonds...

Answered: 3 weeks ago

Question

On the basis of the details of the following fixed asset account, indicate the items to be reported on the statement of cashflows: ACCOUNT Land ACCOUNT NO. Balance Date Item Debit Credit Debit Credit...

Answered: 3 weeks ago

Question

EXERCISE 5.8. Consider the "short-time" relaxation of a free Brownian particle. The Langevin equation for the velocity is m(dv/dt) = -v(t). (a) Find the Fokker-Planck equation for the probability...

Answered: 3 weeks ago

Question

Problem 5.2. Three boys, A, B, and C, stand in a circle and play catch (B stands to the right of A). Before throwing the ball, each boy flips a coin to decide whether to throw to the boy on his right...

Answered: 3 weeks ago

Question

Problem 5.3. A trained mouse lives in the house shown in the Fig. 5.4. A bell rings at regular intervals (short compared to the mouses lifetime). Each time it rings, the mouse changes rooms. When he...

Answered: 3 weeks ago

Previous Question Next Question