Question: 44. A venture's operating cycle measures the time it takes to: a. purchase raw materials and assemble a product b. assemble a product and book

44. A venture's operating cycle measures the time it takes to: a. purchase raw materials and assemble a product b. assemble a product and book the sale c. assemble a product, book the sale, and collect on the sale d. purchase raw materials, assemble a product, book the sale, and collect on the sale 45. Based on the following information, determine the average receivables (rounded to thousands of dollars) that were outstanding: net sales = $575,000; sale-to-cash conversion period = 57.1 days. purchase-to-payment conversion period -76.8 days; and cost of goods sold = $380.000. a. $90,000 b. $180,000 c. $121,000 d. $45.000

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!

Based on the following information, determine the venture's inventory-to-sale conversion period: cash conversion cycle =250 days; sale-to-cash conversion period =60 days; and purchase-to-payment...

A venture's operating cycle measures the time it takes to: Group of answer choices purchase raw materials and assemble a product assemble a product and book the sale assemble a product, book the...

A ventures operating cycle measures the time it takes: (Points : 4) to purchase raw materials assemble a product book the sale collect on the sale all of the above

A venture's operating cycle measures the time it takes: O a. Select one: to purchase raw materials O b. assemble a product O c. book the sale O d. collect on the sale O e. all of the above

Average current assets minus average inventories when divided by average current liabilities is called a. Select one: current ratio O b. quick ratio O c. net working capital ratio d. current...

please 37. The actions of screening business ideas, preparing a business plan, and obtaining seed financing occurs during a venture's development stage. a. True b. False 38. Even in a young,...

38. Even in a young, successful venture, restricted access to bank credit and little to no access to short-term lending markets can hinder operations until the next round of financing a. True b....

PLEASE COMPLETE NO LATER THAN 10/14 @3:30PM Each question(1,2,& 3) must be a minimum of 200 words. Please EXPLAIN answers in FULL detail and make answers knowledgeable based off the attached reading,...

hello, need help with a accounting quiz I have attached: 1) quiz 2)pdf files CH. 18- CH 21 Chapter 18 \"Managerial Accounting Concepts/Job Costing\" from Accounting Principles: A Business...

A study found that, in 2005, 12.5% of U.S. workers belonged to unions (The Wall Street Journal, January 21, 2006). Suppose a sample of 400 U.S. workers is collected in 2006 to determine whether union...

Data concerning N Company's activity for the first six months of the year appear below: January February March April May June Required: Machine Hours 4,000 6,000 4,800 5,800 3,600 4,200 Electrical...

Changing the subject of formula involving algebraic fraction (i) Rearrange the formula y = (2 - x)/(3 + 2x) to make x the subject. (ii) Hence, calculate the value of x when y = - 2

Dwight Donovan, the president of Finch Enterprises, is considering two investment opportunities. Because of limited resources, he will be able to invest in only one of them. Project A is to purchase...