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And A and B , Ty!

%x P14-1 (similar to) Question Help Cash conversion cycle American Products is concerned about managing cash efficiently. On the average, inventories have an age of 75 days, and accounts receivable are collected in 31 days. Accounts payable are paid approximately 27 days after they arise. The firm has annual sales of about $37 million. Cost of goods sold are $21 million, and purchases are $17 million. a. Calculate the firm's operating cycle. b. Calculate the firm's cash conversion cycle. c. Calculate the amount of resources needed to support the firm's cash conversion cycle. d. Discuss how management might be able to reduce the cash conversion cycle. a. American Products' operating cycle, OC, is 106 days. (Round to the nearest whole number.) b. American Products' cash conversion cycle, CCC, is 79 days. (Round to the nearest whole number.) c. The amount of resources that must be invested to support American Products' CCC is $ (Round to the nearest dollar.) P14-5 (similar to) Question Help EOQ analysis Tiger Corporation purchases 1,410,000 units per year of one component. The fixed cost per order is $53. The annual carrying cost of the item is 25.5% of its $9.81 cost. a. Determine the EOQ if (1) the conditions stated above hold, (2) the order cost is $1.00 rather than $53, and (3) the order cost is $53 but the carrying cost is $0.01. b. What do your answers illustrate about the EOQ model? Explain. a. (1) If there are no changes in the costs, the EOQ is units. (Round to the nearest integer. For infinity, input INF)