How long is the firm cash cycle

Assignment Help Financial Management

Reference no: EM131935991

1. Delta Distributors has accounts receivable of $2,750,000 and average daily credit sales of $118,280. The firm offers credit terms of 2/10, net 30. On average, what is the firm’s accounts receivable period?

20.00 days

23.25 days

19.47 days

37.14 days

18.64 days

2. Tiffany’s had a beginning accounts payable balance of $42,900 and an ending accounts payable balance of $44,800. Sales for the period were $770,000 and costs of goods sold were $598,000. If the operating cycle is 129 days, how long is the firm’s cash cycle?

79.35 days

107.78 days

81.19 days

102.24 days

97.13 days

Reference no: EM131935991

Questions Cloud

Use to generate funding liquidity in times of stress : Describe 2 strategies that a bank can use to generate funding liquidity in times of stress.

Compare diversity approaches : Create a Prezi presentation in which you propose a short training demo for new teachers, selecting one (1) philosophical approach to multicultural education.

Annual equivalent cost as a positive number : Assume that machine B will be available in the future at the same costs. Enter the Annual Equivalent Cost as a positive number of the preferred machine.

Is there a situation where gdp might be declining : Which one or ones might still be growing if GDP is shrinking?

How long is the firm cash cycle : Sales for the period were $770,000 and costs of goods sold were $598,000. If the operating cycle is 129 days, how long is the firm’s cash cycle?

What is the client requesting : What are the presenting problems? What do you think may be any underlying problems? Which of these underlying problems is most likely, in your view?

Uses a market basket in calculation : Which one of the following uses a "market basket" in its calculation?

Determine the common life NPV of the most profitable project : Use the replacement chain approach to determine the common life NPV of the most profitable project.

Guaranteed a minimum living wage : Suppose that all Americans were guaranteed a minimum living wage of $40,000 a year. From an economic perspective

User Account

All Pages