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A firm is considering several policy changes to increase sales. It will increase the variety of gods it keeps in inventory, but this will increase inventory by $25,000. It will offer more liberal sales terms, but this will esult in average receivables increasing to $80,000. These actions are expected to increase sales to $950,000 per year, and cost of goods will remain at 70% of sales. Because of the firm's increased purchases for its own production needs, average payables will increase to $50,000. What effect will these changes have on the firm's cash conversion cycle?The cash conversion cyclewill increase or decrease by?
1. discuss the importance of each financial statement including the balance sheet income statement and statement of
on April 1, 2010, a company disposed of equipment for $14,200 cash that had cost $35,000 on January 1, 2006. The equipment had a salvage value of $5,000, and a useful life 10 years.
homestyle soup co. uses a process cost system to record the costs of processing soup which requires the cooking and
intermediate accountingnbspplease provide thorough explanations and full calculations for each answer
A 14- year old girl is missing after having an argument with her parents. They call the police at midnight on May 28. A police investigator shows up within 30 minutes to interview them and finds out that the girl spent a lot of time on the interne..
evaluate the methodology for assessing the execution of a balanced scorecard system. Describe the techniques you would employ to determine the effectiveness of a balanced scorecard in your organization.
thibodeaux limousine corporation is trying to determine a predetermined manufacturing overhead. estimated overhead for
which of the following isare conditions to be met in determining a suitable overhead cost rate?i fair
You are given the following facts about a one-shareholder S corporation, and you are asked to prepare the shareholder's ending stock basis.
Advise Nathan if there is a valid contract with Dubious Connections Pty Ltd, and any remedies that may be available to him. (Make reference to relevant case law and support your answer).
which of the following is not a legal restriction related to profit distributions by a corporation?a.the amount
your friend remarked a company will never drop a product from its product line that has a positive contribution margin.
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