Anjung Sdn Bhd is planning to purchase new machine on 1st August 2022. The firm expects...
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Anjung Sdn Bhd is planning to purchase new machine on 1st August 2022. The firm expects to produce new products in order to compete with the other competitors. The payment will be on credit term 5/10 net 40. The goods will be sold on 30th October 2022. Total initial outlays and account receivables are RM50,000 and RM20,000 respectively. The annual sales of firm are RM200,000 with 50% of it is on credit. Assume 360 days in a year. Calculate the: i) Average age of inventory ii) Cash cycle iii) Cash turnover iv) Minimum operating cash Anjung Sdn Bhd is planning to purchase new machine on 1st August 2022. The firm expects to produce new products in order to compete with the other competitors. The payment will be on credit term 5/10 net 40. The goods will be sold on 30th October 2022. Total initial outlays and account receivables are RM50,000 and RM20,000 respectively. The annual sales of firm are RM200,000 with 50% of it is on credit. Assume 360 days in a year. Calculate the: i) Average age of inventory ii) Cash cycle iii) Cash turnover iv) Minimum operating cash
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