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/Users/LuisPereyra/Desktop/Screen Shot 2017-05-12 at 2.53.33 PM.png The management at Happy Turtle Transporters wants to continue its internal discussions regarding its cash management. One of the
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The management at Happy Turtle Transporters wants to continue its internal discussions regarding its cash management. One of the finance team members presents the following case to her cohorts: Which of the following responses to the CFO's statement is most accurate? Case in Discussion O The CFO is not taking into account the amount of time the company has to pay its suppliers. Generally, there is a certain Blue Ostrich Manufacturing Company's length of time between the purchase of management plans to finance its operations materials and labor and the payment of with bank loans that will be repaid as soon as cash for them. The CFO can reduce the cash is available. The company's estimated length of the bank loan by this management expects that it will take 60 days to manufacture and sell its products and 50 amount of time. O The CFO's approximation of the length of days to receive payment from its customers the bank loans should be accurate, Blue Ostrich Manufacturing Company's CFO because it will take 110 days for the has told the rest of the management team company to manufacture, se and collect that they should expect the length of the cash for its goods. All these things must bank loans to be approximately 110 days. occur for the company to be able to repay its loans from the bankStep by Step Solution
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