Reference no: EM132683752
1. Suppose that Tucker Industries has annual sales of $5.90 million, cost of goods sold of $2.87 million, average inventories of $1,170,000, and average accounts receivable of $590,000. Assuming that all of Tucker's sales are on credit, what will be the firm's operating cycle? (Round your answer to 2 decimal places.)
2. Hollywood Shoes would like to maintain their cash account at a minimum level of $51,000, but expect the standard deviation in net daily cash flows to be $4,100; the effective annual rate on marketable securities to be 6.25 percent per year; and the trading cost per sale or purchase of marketable securities to be $110 per transaction. What will be their optimal upper cash limit? (Round your answer to the nearest dollar amount.)
3. If a firm has a cash cycle of 38 days and an operating cycle of 106 days, what is its average payment period?
4. MC Enterprises estimates that it takes, on average, 11 days for their customers' payments to reach them, 2 day for the payments to be processed and deposited by their bookkeeping department, and 3 more days for the check to clear once they're deposited. What is their collection float?
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Firm operating cycle-tucker industries
: Suppose that Tucker Industries has annual sales of $5.90 million, cost of goods sold of $2.87 million, average inventories of $1,170,000, and average accounts
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