User Account

All Pages

Compute the operating cycle for year

Assignment Help Accounting Basics
Reference no: EM133033249

Question - Nasky Pte Ltd reported healthy profits from its business for the past few years. However, the company still experience cash flow issues occasionally. In order to prevent such incidence to happen again, the Finance Manager had compiled the following information for analysis: 2019 2020 Annual credit sales $585,000 $768,000 Cost of goods sold $325,000 $545,000 Accounts receivable balance $350,000 $410,000 Inventory balance $210,000 $250,000 Balance in accounts payable $170,000 $240,000 Assume that there are 365 days in a year.

Required -

A. Compute the operating cycle for Year 2020.

B. Determine the cash cycle for Year 2020.

Reference no: EM133033249

Questions Cloud

Discuss five limitations of the traditional view in business : This question is about traditional and process views in businesses and the life cycle of the business process management.
What is the total indirect selling expense : When the company sells 27,500 units, what is the total indirect selling expense that cannot be readily traced to individual sales representatives
Five phases of the systems development life cycle : What system development and design are and understanding of how it functions.
Strengths and weakness of feed forward control : Please evaluate the strengths and weakness of feed forward control, concurrent control and feedback control which is most effective method of control
Compute the operating cycle for year : Nasky Pte Ltd reported healthy profits from its business for the past few years. Compute the operating cycle for Year 2020
Have you ever been deeply committed to a value : Tell a story from your worklife about the topic. What was good about your story and what was bad?
Compute GenMet net income for fiscal year : Sales revenue was $6,700.2, selling and administrative expenses were $2,903.7, Compute GenMet net income for fiscal year
Calculate fbt liability for the car : You are the junior accountant at ABC Bank. You have been asked to assist with the 30 June 2021 tax work:
Generate several choices of decision : Two employees Amal and Haifa had been working together for a few years. They were in the same department and reported to the same departmental manager.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much is the adjusted cash in bank and book at month-end

How much is the adjusted cash in the bank and book at month-end? How much are the Cash and cash equivalents? What are the related journal entries?

  Estimate starlite sales revenues from electric staplers

Starlite Company manufactures office products. Last year, it sold 20,000 electric staplers for $25 per unit. The company estimates that this volume represents a 25 percent share of the current electric stapler market. Required: Estimate Starlite's..

  Bernard creighton is the controller for creighton hardware

bernard creighton is the controller for creighton hardware store. inputting together the cash budget for thr fourth

  What is the total current liabilities on December

Claim for increase in wages by employees covered in a pending lawsuit 3,500,000. What is the total current liabilities on December 31, 2019

  Complete the journal entry to record the receipt of payment

Company B pay for the merchandise. On this date the exchange rate is $.0093. Complete the journal entry to record the receipt of payment

  Which is a fundamental characteristic of the market system

Which of the following is a fundamental characteristic of the market system? In 2003, FASB and IASB met and established four criteria for establishing revenue recognition. Which of the following conditions must be present?

  Compare and contrast what motivates millennials from baby

compare and contrast what motivates millennials from baby boomers generation x and generation y. assess whether

  Then prepare another income statement using the multi step

First, prepare an income statement for the year using the single stepapproach. Then prepare another income statement using the multi step approach.

  Prepare Piper journal entries to record the sales

Prepare Piper's journal entries to record the sales in the first quarter on March 31 and second quarter on June 30

  How each of these items should be classified

Indicate how each of these items should be classified in the financial statements.

  What monthly compounded interest rate

If the original invoice was for $6,450 and the amount paid was $6,948.48, what monthly compounded interest rate is your supplier charging on late payments

  As a result of this reconciliation, reisner will be

Reisner Company assembled the following information in completing its March bank reconciliation: balance per bank $11,460; outstanding checks $2,325; deposits in transit $3,750; NSF check $240; bank service charge $75; cash balance per books $13,200...

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