What will be the firm cash cycle

Assignment Help Financial Accounting
Reference no: EM132531617

Question 1: Suppose that Freddie's Fries has annual sales of $620,000; cost of goods sold of $495,000; average inventories of $21,000; average accounts receivable of $37,000, and an average accounts payable balance of $32,000. Assuming that all of Freddie's sales are on credit, what will be the firm's cash cycle? (Round your answer to 2 decimal places.)

Multiple Choice

Option 1: 13.66

Option 2: 1.82

Option 3: 60.86

Option 4: 37.26

Reference no: EM132531617

Questions Cloud

What is the operating cash flow for the project in year two : The tax rate is 34 percent and the required return on the project is 12 percent. What is the operating cash flow for the project in year 2?
What will be the optimal cash return point : The trading cost per sale or purchase of marketable securities to be $120 per transaction. What will be their optimal cash return point?
Describe the concept of professional accountability : Outline the concept of professional accountability as it pertains to nursing. Provide examples of how a nurse demonstrates professional accountability.
David alleged industrial espionage : What steps might have been taken to detect David's alleged industrial espionage? What steps might have been taken to prevent his perpetrating such an offense?
What will be the firm cash cycle : An average accounts payable balance of $32,000. Assuming that all of Freddie's sales are on credit, what will be the firm's cash cycle?
Physical protections for your database topic : Physical protections for your database topic
Define process for the development of nursing standards : Outline the process for the development of nursing standards of practice for your state (California), including discussion of the entities involved.
What will be the level of expected eps : The firm is considering switching to a 20-percent debt,What will be the level of expected EPS if they switch to the proposed capital structure?
How the role of the apn might change : Discuss the access, cost, and quality of quality environments, as well as recent quality initiatives (See Chapter 24 and Table 24.1). Student is to reflect on.

Reviews

Write a Review

Financial Accounting Questions & Answers

  Explain the various forms of business combination

Explain the various forms of Business Combination. Discuss the methods of accounting for Investment in Common Stock. Explain the concept of External Expansion?

  Premium is amortized using the effective-interest method

n January 1, 2014, The Mason Golf Course issued $600,000 of 4-year, 6% bonds payable. The market rate of interest for bonds of similar risk and maturity was 8%. The bonds pay interest each June 30 and December 31, and any discount or premium is amort..

  Convergence to international financial reporting standards

Although convergence to International Financial Reporting Standards (IFRS) has been an ongoing process for more than a decade, the U.S. has not adopted IFRS. “They simply weren’t accustomed to the more relaxed and supple interactions that FASB has be..

  Find what is the ocf for the project

Find what is the OCF for the project? Quad Enterprises is considering a new three-year expansion project that requires an initial fixed asset investment

  What coupon rate should grace offer

What coupon rate should Grace offer if it wants to realize $50 million from the bond issue and to sell the bonds as close to par value as possible?

  Preparation of adjusting entries necessary at the end of

preparation of adjusting entries necessary at the end of the year.sutton coat company which prepares annual financial

  Find what is the optimal time for anaconda to sell the mine

If Anaconda's opportunity cost of capital is 10 percent, what is the optimal time for Anaconda to sell the mine?When to harvest an existing asset

  What is the depreciation expense in year five

What is the depreciation expense in Year five MACRS depreciation allowances, starting with year one. classified as a 7-year property

  What is the cost of financing using preferred stock

King's Mfg. Inc. has 12,000 bonds outstanding that have a 6% coupon rate. What is the cost of financing using preferred stock

  Compute the break-even number of seats sold on single round

Compute the break-even number of seats sold on a single round-trip flight for the overall product. Assume that the overall product is 20% business class and 80% economy class tickets.

  Prepare all journal entries for 2017 if Wynn follows IFRS

Prepare all necessary journal entries for 2017 if Wynn follows IFRS and prefers to use the revenue approach, and Wynn follows ASPE

  Distributive share of the partnership passive taxable income

Where on the tax return is the following reported? Distribution of $4800 from ST Partnership. Her distributive share of the partnership passive taxable income was $5300. She had no prior passive losses.

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