Find what might be the cash cycle time for abc

Assignment Help Financial Accounting
Reference no: EM132973364

Problem 1: ABC is a manufacturer of dental equipment. They sell directly to Dentists all over the US. The manufacturing plant is located in Estero Florida. They purchase stainless steel of the highest quality. They actually create dental products from this high-quality steel. The stainless steel must be paid within 7 days. The manufacturer of dental products is very short 5 days. They sell dental products from the finished goods inventory with 14 days. Customers must pay at the time of purchase. What might be the cash cycle time?

Reference no: EM132973364

Questions Cloud

Prepare journal entries to record depreciation expense : Sovereign Ltd purchased a used machine for $48 000 cash.Prepare journal entries as necessary to record depreciation expense after the corrections in requirement
What other businesses could benefit from using a device : What ethical concerns would you have knowing your personal and location data is being tracked and monitored in real time?
What price should the bond sell for today : A zero-coupon bond has a yield to maturity of 8% and a par value of $1,000. If the bond matures in 5 years, what price should the bond sell for today
Explain training and development of expatriates : What is the role of expatriates, including aspects of selection, training and development of expatriates.
Find what might be the cash cycle time for abc : Sell dental products from the finished goods inventory with 14 days. Customers must pay at the time of purchase. What might be the cash cycle time?
What is the direct labor rate variance : If 7,800 units required 19,250 hours at an hourly rate of $14.90 per hour, what is the direct labor (a) rate variance, (b) time variance
Prepare general journal entries to record all transaction : Prepare general journal entries to record all the transactions of Alexander Ltd. The company uses sum-of- years'-digits depreciation and records depreciation
Discuss how educators would respond to a child : Discuss how educators would respond to a child that was in any obvious distress.
List three major educational changes : List three major educational changes over the past 100 years that have positively influenced students. Explain why these changes were influential.

Reviews

Write a Review

Financial Accounting Questions & Answers

  Identify four user groups who would be interested

Identify four user groups who would be interested in the financial statements of Dublin Ltd, and for each group discuss what information they would interested

  Explain when and why the college will record the revenue

You have paid your student fees in advance for 6 months. Explain when and why the college will record the revenue? Explain in detail with an example.

  Determine the amount of Bradley ending inventory

The company began the year with $17,000 in inventory. Assuming 360 days in a year, determine the amount of Bradley's ending inventory

  Indifferent between accepting-rejecting the special order

The Clear Music Company produces and sells a desktop speaker for $320. The company has the capacity to produce 72,000 speakers each period. At capacity, the costs assigned to each unit are as follows: Unit level costs $ 155 Product level costs $ 37 F..

  About another post-enron scandal and the results thereof

After enactment of Sarbanes-Oxley response to Enron and Worldcom, it was hoped that accounting and financial frauds would be a thing of the past. But, alas, that was not the case. Based on your research or experience, tell us about another post-Enron..

  Retirement scenario

You are 35 years old and plan on retiring at age 65. How much do you need to save every month until age 65 to ensure that you will have $3,000

  What are the basic elements of an effective medical

What tools can medical offices use to ensure effective alignment of policies and procedures? What are the basic elements of an effective medical

  Find journal entry to record the first interest payment

The bonds are sold for $705,000. What the journal entry to record the first interest payment using straight-line amortization is?

  What is effective interest rate for the payment plans

If you borrow $3,300 at $450 interest for one year, what is your effective interest rate for the following payment plans? (Input your answers)

  Indirect method of determining cost of goods sold

Uxmaiz Corporation had only one job in process during May—Job X32Z—and had no finished goods inventory on May 1. Job X32Z was started in April and finished during May. Using the indirect method, determine the cost of goods sold for May.

  What was the reported profit for the year ended june

Holidays Ltd manufactures caravans, What was the reported profit for the year ended 30 June 2019 if revenue was recognised when cash was received?

  How much was the amount of collection for sunny corporation

How much was the amount of collection in 2009? The ledgers of Sunny Corporation for 2010 shows the following accounts: Construction in Progress - $10,400,000.

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