User Account

All Pages

Calculate the length of the working capital

Assignment Help Managerial Accounting
Reference no: EM132995276

Question - The following data was extracted from the company statements of Up Jean Ltd, a clothing retail outlet for the year ended 31 March 2014:

Credit purchases R330,000

Credit sales R590,000

Opening stock R87,500

Closing stock R75,000

Debtors R98,500

Creditors R41,000

Required - Calculate the length of the working capital cycleby making use of the ratios, days stock on hand (inventory); debtors collection period (receivables) and creditors (payables) settlement period.

Reference no: EM132995276

Questions Cloud

Explain the competitive advantage for macy : How do I explain the "External Factor Evaluation (EFE) Matrix" for Macy's?
What are the three types of unemployment : What are the three types of unemployment? Unemployment is seen by some as undesirable. Are all three types of unemployment undesirable?
How much should Rama report in its income statements : On January 15, 2017, Rama bought 100,000 marks at the spot rate of $20.90 and paid the invoice. How much should Rama report in its income statements
Is the successful development and delivery of a vaccine : What hidden information is revealed by Pfizer's deal? Is the successful development and delivery of a vaccine for Covid-19 virus risky or an uncertainty?
Calculate the length of the working capital : Calculate the length of the working capital cycleby making use of the ratios, days stock on hand (inventory); debtors collection period
How in principle should the cfo determine cost of capital : Is a forecasted 8% return in the encabulator business necessarily better than a 4% safe return on short-term U.S. government securities?
How much will he have to save each month : If he can earn an EAR of 10 percent before he retires and an EAR of 7 percent after he retires, how much will he have to save each month
What would be production possibility frontiers for brazil : Using what you have learned and any independent research you may conduct, which product should each country specialize in, and why?
What is the estimated pension liability as of December : What is the estimated pension liability as of December 31, 2021 using the projected unit credit method

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Manage budgets and financial plans

Explain the budgeting process and its importance to a business, identifying the components of different budgets, forecast estimates for inclusion in the budgets.

  Prepare a retained earnings statement

Prepare a retained earnings statement for the year and Prepare a stockholders' equity section of given case.

  Prepare a master budget for the three-month period

Prepare a master budget for the three-month period.

  Construct the companys direct labor budget

Construct the company's direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is adjusted each quarter to match the number of hours required to produce the forecasted number of units produced.

  Evaluate the predetermined overhead rate

Evaluate the Predetermined Overhead Rate

  Determine the company''s bid

Determine the company's bid if activity-based costing is used and the bid is based upon full manufacturing cost plus 30 percent.

  Compute the pool rates for the different activities

Complete the schedule to compute the pool rates for the different activities.

  Prepare Company financial statements

Prepare Company financial statements

  Prepare an analysis of terracycles

This individual assignment is based on the TerraCycle Inc.

  Discuss the ethical issues

Discuss the ethical issues

  Political resources in emerging markets

Calculate the GDP in Income Approach  and Expenditure Approach

  Management accounting - ehsan electronics company

A new plant accountant suggested that the company may be able to assign support costs to products more accurately by using an activity based costing system that relies on a separate rate for each manufacturing activity that causes support costs.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd