Compute the average time taken to pay suppliers

Assignment Help Financial Accounting
Reference no: EM132978999

Question - You are doing some financial analysis research for your work and managed to get (incomplete) data. You will use this data to deduce the required information. You can assume 365 days in a year. (a) Alpha Co. reported a cost of goods sold of $64,380.00 and an accounts payable balance of $16,700.00 last year. Compute the average time taken to pay suppliers. Discuss the significance of a long days' costs in payables for the firm.

Reference no: EM132978999

Questions Cloud

Prepare the appropriate adjusting entry : Prepare the appropriate adjusting entry(s) that Ronald Rackets Corporation would make on January 5, 2013 to account for the cash payment made to employees
Compute the probability that a female ages of forty-five : Compute the probability that a female between the ages of 45 and 55 who tests positive for breast cancer has breast cancer, and enter your answer
What the overhead rate per machine hour will be : The overhead rate per machine hour will be (Hint: Choose which of the above costs are Overhead costs, add them together, and divide the total by 10,000)
Find the expected current yield and expected capital gains : Find the expected current yield and expected capital gains yield on the bond on January 1, 2027, given the price as determined in Part 'b' above
Compute the average time taken to pay suppliers : Alpha Co. reported a cost of goods sold of $64,380.00 and an accounts payable balance of $16,700.00 last year. Compute the average time taken to pay suppliers
What is the amount of bond interest expense : What is the amount of bond interest expense that appears in the organization's 2021 income statement relating to these bonds
What are advantages of Internet Of Thing : What are advantages of "Internet Of Thing" for the following: explain: Time management and Less time consuming
What is its net credit position : Question - Kantorovich Company normally takes 22 days to pay for its average daily credit purchases of $2,000. What is its net credit position
What is the price of the bonds : If the bonds are trading with a market's required yield to maturity of 16 percent, are these premium or discount bonds? What is the price of the bonds

Reviews

Write a Review

Financial Accounting Questions & Answers

  How much would be the amount of property dividends

Bravo, Inc has 100,000 shares issued and outstanding. How much would be the amount of property dividends that would be distributed by alpha on Aug. 5

  Make bank reconciliation for dunbar associates for august

Make bank reconciliation for Dunbar Associates for August 31, 2017. A check for $72 for supplies was recorded as $27 in the ledger.

  Calculate new market value

Suppose the company issues 100 thousand additional shares, which required a decline in price per-share of 8%. Calculate New Market value

  Find the projected ending balance of cash on hand

On March 1, 2019, Annapolis Company has a beginning Work in Process inventory of zero.All materials are added into production at the beginning of its production

  What is the external financing needed

All costs, assets, and current liabilities vary directly with sales. The firm is currently at full production. What is the external financing needed (EFN)?

  How long in years and months will it take to reach target

Tom plans to buy a house on cash instead of paying mortgage. How long, in years and months, will it take John to reach his target

  Determine the optimal monthly production of each wax

Clearly show the objective function and the mixing constraints for the linear program that Melnick would use to determine the optimal monthly production of each wax.

  Calculate the following contribution margin break even

calculate the following contribution margin break even targeted profit.gilley inc. sells a single product.the companys

  How is yield determined for a process manufacturer

How are cost of production reports used for controlling and improving operations? How is yield determined for a process manufacturer

  Effects of transactions on statement of cash flows

Effects of transactions on statement of cash flows - Indicate for each of the following what should be disclosed on a statement of cash flows (indirect method).

  Define apr

Define APR. Briefly discuss why the APR interest rate that the borrower pays on a mortgage is sometimes higher than the interest rate of the loan.

  Calculate the present value and the total cost

Assuming an annual discount rate of 12%, calculate the present value and the total cost. (FV of $1, PV of $1, FVA of $1, and PVA of $1)

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!

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