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QUESTION - The purchase of newly ordered raw materials by Mewah Wangsa Corporation is on the 2nd of April and the goods will be sold on the 20th of July. The payment is on a credit term of 7/10 net 45. Given RM20,000 monthly sales, total account receivables of RM30,000 and outlays of RM35,000.
i) Determine the length of Mewah Wangsa Corporation's cash cycle.
ii) Determine the amount of the cash turnover of the corporation.
iii) Determine the amount of minimum operating cash involved.
iv) Determine the cost of foregoing cash discount.
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