What is klone corps cash conversion cycle

Assignment Help Financial Accounting
Reference no: EM132805191

Question -

Q1. Klone Corp has $12 million of sales, $3 million of inventories, $3.25 million of receivables, and $1.25 million of payables. Its cost of goods sold is 75% of sales, and it finances working capital with bank loans at an 8% rate. What is Klone Corps cash conversion cycle (CCC)?

Q2. Opal Corp's sales are expected to increase from $5 million in 2018 to $6 million in 2019, or by 20%. Its assets totaled $3 million a the end of 2018. Opal Corp is at full capacity, so its assets must grow in proportion to projected sales. At the end of 2018, current liabilities are $1 million, consisting of $250,000 of account payable, $500,000 of notes payable, and $250,000 of accrued liabilities. Its profit margin is forecasted to be 3%, and the forecasted retention ratio is 30%. Use the AFN equation to forecast the additional funds Opal Corp will need for the coming year.

Reference no: EM132805191

Questions Cloud

What total cost should be recorded for the new shares : On August 30, each share had a market value of P130 and each right had a market value of P20. What total cost should be recorded for the new shares
Should internet be considered sixth mode of transportation : Should the Internet be considered the sixth mode of transportation? Why or why not? Internet is a medium of communication but cannot be considered
Define outline of content to meet knowledge objective : The use of PowerPoint technology can be helpful in organizing content you wish to include in your teaching project. Create a 10 slide Power point presentation.
Discuss the issues that must be factored into modal : Discuss the primary considerations and issues that must be factored into modal and carrier selection the primary consideration and issues
What is klone corps cash conversion cycle : Klone Corp $12 million of sales, $3 million of inventories, $3.25 million of receivables, $1.25 million of payables. What is Klone Corps cash conversion cycle
What are the primary capabilities of each of the basic modes : What are the primary capabilities, advantages, of each of the basic modes. The primary capability of the road transportation as the carriers
Discuss morbidity and comorbidity of the disease : Develop a questionnaire by utilizing your knowledge of health and illness, with the aim of acquiring all information you need from patients to prepare a plan.
What are the primary capabilities of direct distribution : What are the primary capabilities, advantages, and disadvantages of direct distribution, DCs, and cross-docks? Bypass distribution facilities to fulfill retail
What is its return on stockholders equity : Network Communications has total assets of $1,760,000 and current assets of $642,000. What is its return on stockholders equity

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial income of truttman company

The pretax financial income of Truttman Company differs from its taxable income throughout each of 4 years as follow

  Discuss the cons of the dividends-based valuation method

Discuss the pros and cons of the dividends-based valuation method. Illustrate your ideas by selecting a publicly traded company of your choice as an example

  Respective general journals on day the money was borrowed

Company A and Company B each borrow $2,400 from the bank. Company A signed a 90-day, 10% note. Company B signed a 120-day, 9% note. How will each of these companies record these events in their respective general journals on the day the money was bor..

  What is the total amount to be disclosed in fiona income

Outstanding unpaid diesel costs of £291. What is the total amount to be disclosed in Fiona's Income Statement for April in connection with van expenses?

  Solve the economic value added for each of golden gate

Solve the economic value added (EVA) for each of Golden Gate Construction Associates' divisions. (You will need to use the weighted-average cost)

  Compute the sharpe ratios of the fund and gold

Compute the Sharpe ratios of the fund and gold. Based only on these ratios, how desirable does investment in the fund by itself compare to investment

  Calculate the two EMI options and choose the best one

PNBHFL offers an 18 year term @ 9.00% interest and HDFC offers 15 years term @ 8% interest. Calculate the two EMI options and choose the best one

  Outline a fraud prevention plan for a retail organization

Outline a fraud prevention plan for a retail organization to reduce the likelihood of error and fraud. In your plan, identify two (2) types of potential errors that could occur and two (2) types of fraud that could occur. Explain how your plan can pr..

  What total incremental costs will martinez

What total incremental costs will Martinez incur if it increases production from 10,000 to 10,001 units and what is the total amount expressed on a per unit basis?

  Calculate the loss from farming operations

Finlay McDonald works full-time as a dentist, Calculate the loss from farming operations that Finlay was able to apply against other sources of income in 2019.

  What amount should investors investment

Investor Inc. owns 40 percent of Alimand Corporation. During the calendar year 20X5, Alimand had net earnings of $100,000 and paid dividends of $10,000. Investor accounts for this investment using the equity method. In its December 31, 20XX balance s..

  Find the most practical solution

The challenge of all managerial situations is to take what can be done and what should be done and find.

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