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You need to compute XYZ company's cash conversion cycle. Looking at the financial statements, you observe that last year average inventory was $23,600, accounts receivables were $19,700, and accounts payables were $11,500. You also see that the company had sales of $145,000 and that cost of goods sold was $112,000. This year XYZ company is experiencing 10% increase for all the above financial figures.
Calculate XYZ firm's cash conversion cycle.
Explain why interest rates tend to decrease during recessionary periods. - Review historical interest rates to determine how they reacted to recessionary periods.
Describe the role and scope of senior management within retirement communities.
The account balance on April 1st is $50.51. On April 15th a payment of $15.00 is made. On April 25th a purchase of $19.27 is made. The annual rate is 18%. What is the finance charge using the previous balance method? What is the new balance?
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A loan officer states, "Thousands of dollars can be saved by switching to a 15-year mortgage from a 30-year mortgage." Calculate the difference in payments.
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