Solution-Conclusion regarding the firm payment behavior

Conclusion regarding the firm payment behavior

Assignment Help Accounting Basics

Reference no: EM13973201

Collen Bakery purchases flour from a mill on a regular basis. The monthly purchase scheduling and ending payables is provided below.

	Dec	Jan	Feb	Mar	Apr	May	June
Purchases	25	45	80	120	100	90	50
Ending payables		50	60	80	85	70	50

a. Calculate the day's purchases outstanding for March, April, May, and June using quarterly purchases to calculate the average daily purchases.

b. What is your conclusion regarding the firm's payment behavior?

c. Below is presented a table showing the amount of payables remaining in successive months for purchases made during the January through June period of operations. Convert the table to a balance fraction matrix and discuss the firm's payment pattern as represented by the balance fraction table.

d. What is your conclusion about the firm's payment pattern?

	Purchases	Jan	Feb	Mar	Apr	May	June
Jan	45	20	22
Feb	80		38	20
Mar	120			60	30
Apr	100				55	17
May	90					53	15
June	50						35
		NA	60	80	85	70	50
Account Payables Balances

Reference no: EM13973201

Questions Cloud

What would be its price relative to the xy inc bond : If CD, Inc., has a bond with a 5.25% coupon and a maturity of 20 years but which was lower rated, what would be its price relative to the XY, Inc., bond? Explain.

Is kinetic energy conserved in all of the experiments : Is momentum conserved in all of the experiments? Please give a complete description with examples as needed supporting your response.

Find the roots of the polynomial : Find the roots of the polynomial - A written part and a Matlab part. The written part will dictate the percentage of the Matlab part in scoring. The written part is closed book closed notes.

Amount of outstanding checks : Sylvan Company wrote checks totaling $26,520 during October and $25,779 during November. $23,460 of these checks cleared the bank in October, and $26,330 cleared the bank in November. What was the amount of outstanding checks on November 30?

Conclusion regarding the firm payment behavior : a. Calculate the day's purchases outstanding for March, April, May, and June using quarterly purchases to calculate the average daily purchases. b. What is your conclusion regarding the firm's payment behavior?

What is his uncorrected near point : A nearsighted person has a near point of 12 cm and a far point of 17 cm. If the corrective lens is 2.0 cm from his eye, what lens power will enable this person to see distant objects clearly?(answer should be in diopters)

What is the speed of the electron as it strikes plate b : A pair of charged conducting plates produces a uniform field of 12,000 N/C directed to the right, between the plates. The separation of the plates is 40 mm. In the figure, an ELECTRON is projected from plate A, directly toward plate B, with an ini..

Why are consumers generally more concerned with business : Why are consumers and the public generally more concerned with ethical and socially responsible business behavior today than they were, say, fifty years ago?

What energy is stored in this capacitor : A parallel plate capacitor has a capacitance of 1.20 nF. There is a charge of 0.80 pC on each plate. How much work must be done by an external agent to double the plate separation while keeping the charge constant?

User Account

All Pages

Conclusion regarding the firm payment behavior

Reference no: EM13973201

Reference no: EM13973201

Questions Cloud

Reviews

Write a Review

Accounting Basics Questions & Answers

How much control does fed have over this longer real rate

Coures:- fundamental accounting principles

Accounting problems

Theory of interest - term structure of interest rates

Write a report on internal controls

Prepare the bank reconciliation for company

Cost-benefit analysis

Theory of interest

Liquidity and profitability

What is the expected risk premium on the portfolio

Simple interest and compound interest

Capm and venture capital

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT