If a firm has a cash cycle of 67 days and an operating cycle of 104 days, what is its average payment period?
Answer to relevant QuestionsIf a firm has a cash cycle of 45 days and an operating cycle of 77 days, what is its average payment period? Suppose that Dunn Industries has annual sales of $2,300,000, cost of goods sold of $1,650,000, average inventories of $1,116,000, and average accounts receivable of $750,000. Assuming that all of Dunn’s sales are on ...Watkins Resources faces a smooth annual demand for cash of $1,500,000, incurs transaction costs of $75 every time they sell marketable securities, and can earn 3.7 percent on their marketable securities. What will be their ...Sow Tire, Inc., has sales of $1,450,000 and cost of goods sold of $980,000. The firm had a beginning inventory of $97,000 and an ending inventory of $82,000. What is the length of the days’ sales in inventory? 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?
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