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Question: Ch 15
P1) Pretty Lady Cosmetic Products has an average production process time of 40 days. Finished goods are kept on hand for an average of 15 days before they are sold. Accounts receivable are outstanding an average of 35 days, and the firm receives 40 days of credit on its purchases from suppliers.
• Estimate the average length of the firm's short-term operating cycle. How often would the cycle turn over in a year?
• Assume net sales of $1,200,000 and cost of goods sold of $900,000. Determine the average investment in accounts receivable, inventories, and accounts payable. What would be the net financing need considering only these three accounts?
Ch 16
P1) A supplier is offering your firm a cash discount of 2 percent if purchases are paid for within ten days; otherwise, the bill is due at the end of 60 days. Would you recommend borrowing from a bank at an 18 percent annual interest rate to take advantage of the cash discount offer? Explain your answer.
Cathy Carlson, CPA is a self-employed management consultant. Calculate the minimum net business income Cathy would need to include on line 137 of her T1
7.Jose, a pilot for Southern Airways, has adjusted gross income of $172,000 before considering the following losses. The passive activity rules disallow the deduction for a loss in which of the following?
Legal fees of obtaining the patent, incidental costs of obtaining the patent, and costs of successful patent infringement suits.
the 2010 balance sheet of greystone inc. showed current assets of 3190 and current liabilities of 1480. the 2011
Calculate the amount of after-tax cash flow available to each investor if the business is established as a partnership versus a corporation
Determine the total amount of payroll checks and purchase requisitions processed per year by each division
the industry average is about 75 days. the firm has also experienced an increase in its business in the last 2 years
HA3032 AUDITING AND ASSURANCE SERVICES INDIVIDUAL ASSIGNMENT. List and discuss several inherent risk factors that would have contributed
Company A purchased a vehicle costing $25,000, useful life of 5 years, and no residual value. How much depreciation expense will be recorded at the end of 2013?
Comment about PPE and accumulated depreciation. How are these values changing from year to year
Why take the time to develop separate REA diagrams for each business cycle if the ultimate objective is to combine them into one integrated enterprise-wide data model? Why not just focus on the integrated model from the start?
Your portfolio has a beta equal to 1.3. It returned 12% last year. The market returned 10%; the risk-free rate is 2%.
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