User Account

All Pages

Paying for materials and collecting on receivables

Assignment Help Finance Basics
Reference no: EM132465394

XYZ Company has annual sales of $644,592. The cost of goods sold are $436,613. The firm has an accounts receivable balance of $16,479, an accounts payable balance of $8,741 and inventory of $26,113.

What is the lengh of time between paying for materials and collecting on receivables?That is, what is the cash conversion cycle? Assume 365 days.

Enter the answer rounded off to two decimal points.

Reference no: EM132465394

Questions Cloud

Is covered interest arbitrage worthwhile : Is covered interest arbitrage worthwhile? If so, explain the steps and compute the profit.
Calculate c-r cost of equity capital : Cunningham and Reilly Crane Hire plc has common stock with an ex dividend market price of £0.70 per share and a constant expected annual dividend growth
What would be the bested type of business to open : What would be the bested type of business to open? what would are speciality product be? Would we be cash basis or accrual business and why?
Find the amortization of other comprehensive loss : Plan assets (at fair value) $384000. The average remaining service life of employees is 10 years. Find the amortization of Other Comprehensive Loss for 2019
Paying for materials and collecting on receivables : What is the lengh of time between paying for materials and collecting on receivables?That is, what is the cash conversion cycle? Assume 365 days.
What is the statute of limitations for transactions : What is the statute of limitations for transactions involving the omission of rental income that is equal to greater than? 25% of the? taxpayer's reported gross
What is the economic order quantity of xyz : Fixed costs per order are $866 and carrying cost is $15 per unit. How many units should XYZ purchase per order? That is, what is the Economic Order Quantity?
Calculate the sum of carrying cost and the shortage cost : Suppose XYZ orders 7,000 units per order from the supplier. Calculate the sum of carrying cost and the shortage cost.
How many days are in the cash cycle : ABC Corporation currently has an Inventory Turnover of 6.57, an Accounts Receivable Turnover of 18.77, and an Accounts Payable Turnover of 10.91

Reviews

Write a Review

Finance Basics Questions & Answers

  Financial reporting and analysis

Finance is about Gunns Ltd, a company in dealing with forestry products in Australia. The company has also been listed in Australian Stock Exchange. As many companies producing forestry products, even Gunns Ltd is facing various problems. Due to the ..

  A report on financial accounting

This report is specific for a core understanding for Financial Accounting and its relevant factors.

  Describe the types of financial ratios

Describe the types of financial ratios and other financial performance measures that are used during venture's successful life cycle.

  Differences between sole proprietorship and corporation

Briefly describe the major differences between a sole proprietorship and a corporation

  Prepare a cash budget statement

Calculate the expected value of the apartment in 20 years' time. What is the mortgage loan repayment at the beginning of each month

  What are the implied interest rates

What are the implied interest rates in Europe and the U.S.?

  State pricing theory and no-arbitrage pricing theory

State pricing theory and no-arbitrage pricing theory

  Small business administration

Identify the likely stage for each venture and describe the type of financing each venture is likely to be seeking and identify potential sources for that financing.

  Effect of financial leverage

The Effect of Financial Leverage and working capital management

  Evaluate the basis for the payment to the lender

Evaluate the basis for the payment to the lender and basis for the payment to the company-counterparty.

  Importance of opps, ipps, mpfs and dmepos

Research and discuss the differences and importance of : OPPS, IPPS, MPFS and DMEPOS.

  Time value of money

Time Value of Money project

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd