If a firm has a cash cycle of 45 days and an operating cycle of 77 days, what is its average payment period?
Answer to relevant QuestionsIf a firm has a cash cycle of 73 days and an operating cycle of 127 days, what is its payables turnover? Suppose that LilyMac Photography has annual sales of $230,000, cost of goods sold of $165,000, average inventories of $4,500, and average accounts receivable of $25,000. Assuming that all of LilyMac’s sales are on credit, ...HotFoot Shoes would like to maintain their cash account at a minimum level of $25,000, but expect the standard deviation in net daily cash flows to be $4,000, the effective annual rate on marketable securities to be 6.5 ...A firm has estimated the following two month cash budget. What is the cash surplus or deficit for these two months? Suppose a firm has had the historic sales figures shown as follows. What would be the forecast for next year’s sales using the averageapproach?
Post your question