User Account

All Pages

What is the firm cash conversion cycle

Assignment Help Financial Accounting
Reference no: EM133021554

Question - Shulman Inc. has the following data, in thousands:

Annual sales = $45,000

Annual cost of goods sold = $30,000

Inventory = $4,500

Accounts receivable = $1,800

Accounts payable = $2,500

Assuming a 365-day year, what is the firm's cash conversion cycle?

Reference no: EM133021554

Questions Cloud

What price will the company charge : What price will the company charge if the firm uses cost-plus pricing based on total variable cost and a markup percentage of 150%
How many units were completed and transferred : Department 2 had 4000 units, which were 20 percent are to conversion costs. How many units were completed and transferred from Department 2
Find the number of equivalent units of production : Material cost was $15,400., direct labor was $32,450 and factory overhead was $18,710. Find the number of equivalent units of production
How much is the book value of the equipment : After two years, the fair value of the equipment is $82,000. How much is the book value of the equipment at the end of the second year
What is the firm cash conversion cycle : Shulman Inc. has the following data, in thousands: Annual sales = $45,000. Assuming a 365-day year, what is the firm's cash conversion cycle
Calculate the amount to be reported : On termination, he was paid his regular semi- monthly pay of $2,000.00, Calculate the amount to be reported in Block 15B of the Record of Employment
What are the criticisms of positive accounting theory : Question - What are the criticisms of Positive Accounting Theory? Are these criticisms fair? Justify your position
Compute the selling price per unit of the company : Compute the selling price per unit of the company if BEP (units) is 40,000 units and the variable cost per unit and total fixed cost does not change
Prepare contract account and contractee account : The following particulars relate to a contract account: Materials sent to site 95,500. Prepare contract account and contractee account

Reviews

Write a Review

Financial Accounting Questions & Answers

  Depreciation schedule using the double declining method

Can you explain how I would make a depreciation schedule using the double declining method? Not sure how to calculate the depreciation value

  Prepare ghouls journal entry or entries

On July 1, 2014, Ghouls Unlimited leased a mobile haunted house to Skeptics, Inc. Prepare Ghouls' 7/1/14 journal entry or entries.

  Determine preliminary net income

Determine Preliminary net income.  Here is the info: Quick Cleaners, Inc., (QCI) has been in business for several years. It specializes in cleaning houses, but has some small business clients as well.

  How much are total assets

Retained earnings ($46,000), Rent expense ($18,000), Revenues ($101,000), and Salary expense ($60,000). How much are total assets

  Amount of cliff encumbrances

Cliff paid $4,200,000 of the invoices received during the year. What amount of Cliff's encumbrances were outstanding at June 30, 2012?

  What is optimal level of labor usage

If workers at the firm are paid a competitive wage of $100 and the product is sold for $200 each, what is optimal level of labor usage and what is the maximum profit?

  What the output tax for the quarter is

What the output tax for the quarter is? President of San-Mor Trading celebrated his birthday, consuming P50,000 worth of beer given to him by the company

  Find how much money should invest yearly to receive

Find How much money should you invest yearly to receive 60 lakh at the end of the tenth year? Assume that the first investment is at the end of year 1.

  How much is the gain on the redemption of the bonds

Interest is payable semi-annually on January 1 and July 1. On January 1, 2016, How much is the gain (or loss) on the redemption of the bonds?

  What is meant by the quality of a company earnings

What is meant by the ''quality'' of a company's earnings? Explain why the price/earnings ratio for a company may indicate the quality of earnings

  Calculate the duration of the bond

If it pays coupon interest annually, and current market rates are 2.4% p.a. (B.E.Y. convention - all maturities), calculate the duration of the bond.

  Prepare a perpetual inventory record for the guitars

Prepare a perpetual inventory record for the guitars. Then determine the amounts Elmo's Music should report for ending inventory and cost of goods

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