Compute the cash conversion cycle for the year

Assignment Help Accounting Basics
Reference no: EM133189851

Question - Hasten Corporation has the following metrics for the year.

Amount in days

Days sales outstanding 34.7

Days payables outstanding 23.6

Days inventory outstanding 56.1

Required - Compute the cash conversion cycle for the year?

Reference no: EM133189851

Questions Cloud

Define prepositions and hypothesis : 1. Define prepositions and hypothesis. 2. What is meant by business research?
Difference between theoretical and empirical research : 1. What is the difference between theoretical and empirical research?
Progress and gauge success of the project : Understanding key elements of a project helps project managers monitor the progress and gauge success of the project. Which of the following is true regarding s
Determine the maturity value of the note : Prefix Supply Company received a 120-day, 8% note for $450,000, dated April 9 from a customer on account. Determine the maturity value of the note
Compute the cash conversion cycle for the year : Hasten Corporation has the following metrics for the year. Days sales outstanding 34.7. Compute the cash conversion cycle for the year
Calculate the sales : Question - Sold goods to G George, invoice detailed 60 items @ R80 exclusive per item) Mark up is 150%. Calculate the sales
What is the minimum cost for wages : The dean of the Western College of Business must plan the school's course offerings for the fall semester. What is the minimum cost for wages
Write a summarized report on findings : Search through several business magazines or use an Internet search engine to find recent articles that describe potential social or ethical issues related to t
What product should Power Recreation managers choose : Power Recreation may produce two engines, a snowmobile engine and a boat engine, What product should Power Recreation managers choose

Reviews

Write a Review

Accounting Basics Questions & Answers

  What is the wacc with retained earnings

If Dempere's after-tax cost of debt is 6%, what is the WACC with retained earnings? With new common equity?

  Calculation regarding the bond equivalent yield

You have a U.S. Treasury bill with 112 days to maturity quoted at a discount yield of 3.82 percent. assume a $1 million face value What would the bond equivalent yield?

  Prepare general journal entries to record the entry of dent

Dent is admitted to the partnership on May 1, 2020, with a 25% equity. Prepare General Journal entries to record the entry of Dent

  What is the percentage increase in cost of goods sold

Assume the following cost of goods sold data for a company: If 2012 is the base year, what is the percentage increase in cost of goods sold from 2012 to 2014

  Evaluate the level of SOX regulations

Evaluate the level of SOX regulations that applies to for-profit and not-for-profit health care organization,indicating whether or not mandating SOX requirement

  Record the receipt of these services

Record the receipt of these services, amounts paid during the year, and remaining liability in the General Fund and governmental activities journals

  How to minimize the risk of material misstatement

To minimize the risk of material misstatement, auditors seek third- party verification of account balances by mailing customers their statements.

  What is the amount of total current assets at December

Trade and other receivables include long term advances to company officers amounting to P430,000. What is the amount of total current assets at December

  Why should information systems engineers develop policies

Why is it important to understand the boundary conditions--scope, time, and cost--of any information systems project?

  What is a value-added tax

Although the value-added tax has been proposed numerous times, the United States has never adopted one. Why do you think the United States is so negative.

  What is the motivation behind the tax department

What is the motivation behind the tax department's recommendation, and is such year-end planning ethical

  Pebco companys 2011 master budget included the following

pebco companys 2011 master budget included the following fixed budget report. it is based on an expected production and

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