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Question - Unlimited Sunshine Limited is investigating several ways of reducing its cash conversion cycle. The first is a new inventory control and online ordering system which will reduce the average age of inventory from 85 days down to 54 days. It is considering introducing a discount for those essential service organizations who pay their account in full earlier. This is likely to reduce the average collection period from 52 days down to 34 days. If both changes are implemented, what will Unlimited Sunshine Limited's cash conversion cycle be if its average payment period remains at 28.1 days?
The appraised fair market value of the warehouse was $111,750, and the appraised value of the land was $136,500. What is Bob basis in the warehouse
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Assuming that Gull Corporation elects under $248 to expense and amortize organizational expenditures, what amount may be deducted in 2018?
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