Foxconn makes 16,000 iPods a day at a cost of $15 each. The production process takes 20

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Foxconn makes 16,000 iPods a day at a cost of $15 each. The production process takes 20 days, including delivery. Foxconn pays its suppliers on average after 23 days and gets paid by Apple 60 days after delivery.

How long is Foxconn's cash cycle (in days)?

Related Book For answer-question

Financial Management for Public Health and Not for Profit Organizations

ISBN: 978-0132805667

4th edition

Authors: Steven A. Finkler, Thad Calabrese

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Posted Date: Mar 28, 2023 11:40 PM

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Foxconn makes 16,000 iPods a day at a cost of $15 each. The production process takes 20

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The cash cycle is the time it takes for a company to convert its inves... View the full answer

Financial Management for Public Health and Not for Profit Organizations

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