What will be the firm operating cycle

Assignment Help Finance Basics
Reference no: EM132149282

Suppose that Tucker Industries has annual sales of $5.80 million, cost of goods sold of $2.86 million, average inventories of $1,165,000, and average accounts receivable of $580,000. Assuming that all of Tucker's sales are on credit, what will be the firm's operating cycle? (Round your answer to 2 decimal places.)

Reference no: EM132149282

Questions Cloud

After-tax cost of debt david abbot : Before-tax cost of debt and after-tax cost of debt David Abbot is buying a new house, and he is taking out a 30-year mortgage. David will borrow
Calculate the forward premium suggested by the quote : You observed that the 3-month forward rate quote from TD Bank is $1.30/€1. Calculate the forward premium suggested by the quote.
Balance in accounts receivable for corn products : The firm's credit sales for 2008 were $10.7 million. What is the year-end 2008 balance in accounts receivable for Corn Products? (Consider a 365 days a year.)
Value of inventory listed on the firm balance : What is the value of inventory listed on the firm's balance sheet? (Do not round intermediate steps.)
What will be the firm operating cycle : Assuming that all of Tucker's sales are on credit, what will be the firm's operating cycle? (Round your answer to 2 decimal places.)
Estimate the present value of the tax benefits : The cost of capital is 9%, and the firm's tax rate is 30%. Estimate the present value of the tax benefits from depreciation.
How you will adjust your small business cash budget : How you will adjust your small business cash budget to manage contingencies (such as emergencies and market shifts) as well as product and distribution shifts?
Strengths and weaknesses of a business : What is a budget variance analysis and Why is this type of analysis key to determining the strengths and weaknesses of a business?
Cash budget and an operating budget : What are the differences between a cash budget and an operating budget and Why might both be important to a small business?

Reviews

Write a Review

Finance Basics Questions & Answers

  Discuss the transactions for hurricane company

On October 1, 2012, Hurricane lends $8,000 to another company. The other company signs a note indicating principal and 8% interest will be paid to Hurricane.

  Good investment at the current price

If you require a rate of return on this stock of 18 percent, do you believe this is a good investment at the current price of $35?

  Compute basic and diluted earnings per share for year four

TJX, Inc., an apparel retailer, reported net income (amounts in thousands) of $609,699 for Year 4. Compute basic and diluted earnings per share for Year 4, showing supporting computations.

  Blame for credit crisis

Many investors that purchased mortgage-backed securities just before the credit crisis believed that they were misled because these securities were riskier than they thought. - Who is at fault?

  Trigen corp management will invest cash flows of 600687

trigen corp. management will invest cash flows of 600687 1199498 408070 818400 1239644 and 1617848 in research and

  Customer locker without their permission

As a sport facility owner, how would you deal with each of the following intentional torts should they occur in your private recreation facility:

  Estate plan scenario

Kathi and Darrin have been married for 50 years and are both in good health. Kathi and Darrin live in a community property state. They have the following children and grandchildren:

  What effect will purchase have on illinghams cash flows

Explain what effect will the purchase of the CX700 have on Illingham's net income over the next 10 years and what effect will the purchase have on Illingham's cash flows?

  What is the internal rate of return of this project

DYI's required rate of return is 8%. What is the internal rate of return of this project?

  How much surplus does sarah have in euros

Sarah has $2,500 that she wants to invest in a European certificate of deposit (CD). If so, how much surplus does Sarah have (in euros)?

  Extract of the company''s trading profit and loss account

The company's records show that the sale of housing units for January 2000 had been the same as for the corresponding month in the previous year at Sh.100 million.

  Calculate fc engineering capital recovery

In 2007 FC Engineering offered to buyout Graver LLC for 500 million. FC Engineering offered million down and the remaining balances at the end of 2008.

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