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1. Pretty Lady Cosmetic Products has an average production process time of forty days. Finished goods are kept on hand for an average of fifteen days before they are sold. Accounts receivable are outstand- ing an average of thirty-five days, and the firm receives forty days of credit on its purchases from suppliers.
a. Estimate the average length of the firm's short-term operat- ing cycle. How often would the cycle turn over in a year?
b. Assume net sales of $1,200,000 and cost of goods sold of $900,000. Determine the average investment in accounts receivable, inventories, and accounts payable. What would be the net financing need considering only these three accounts?
2. A supplier is offering your firm a cash discount of 2 percent if purchases are paid for within ten days; otherwise the bill is due at the end of sixty days. Would you recommend borrowing from a bank at an 18 percent annual interest rate to take advantage of the cash discount offer? Explain your answer.
identify b riefly the possible alternaives (includin those that are totall unacceptable) for quantifying the cost of the land and briefly support your choice.
The balance sheets of Davidson Corporation reported net fixed assets of $326,000 at the end of 2016. The fixed-asset turnover ratio for 2016 was 4.0, and sales for the year totaled $1,520,000. Net fixed assets at the end of 2015 were:
There was a loss between 2011&2012 because of the cost being higher than the Fair value. Would I debit unrealized loss-equity and credit fair value adjustment? I need to double check answers for all 3 years
Calculate the internal rate of return (IRR) for each project. Calculate the internal rate of return (IRR) for each project.
Milano Pizza is a small neighborhood pizzeria that has a small area for in-store dining as well as offering take-out and free home delivery services.
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A lease agreement that qualifies as a capital lease calls for annual lease payments of $36,000 over a four-year lease term, with the first payment at January 1, the lease’s inception. If Lessee’s fiscal year is the calendar year, complete the amortiz..
Calculate the penalty that the IRS agent can impose if he concludes that the improper deduction was attributable to the Luces' negligence.
As a CPA, explain to your client the significance of the income and principal categorization scheme used for fiduciary accounting purposes. Also, use this thread to discuss the current events on the Bush Tax Cut expiration, the alternatives and ..
On June 30, 2014, Mischa Auer Company issued $4,079,000 face value of 11%, 18-year bonds at $4,416,483, a yield of 10%. Auer uses the effective-interest method to amortize bond premium or discount. The bonds pay semiannual interest on June 30 and Dec..
A researcher has collected data on five individual research variables and suspects possible effects or associations among the the variables (but is not sure which ones). Devise and discuss a viable research strategy so that the researchers may system..
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