Question: Please explain the solution to this general accounting problem with accurate principles. lf the average age of Inventory is 120 days, the average age of

Please explain the solution to this general accounting problem with accurate principles.

lf the average age of Inventory is 120 days, the average age of accounts payable is 80 days, and the average age of accounts receivable is 100 days, the number of days in the cash flow cycle is: A. 140 days B. 120 days C. 100 days D. 140 days

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 Accounting Questions!

Ineeded to complete the schedules. It is marked week 4. I have finished the other part of this project except these schedules. Could you please work on these for me. If I can get you to also look...

hello I need help with my project. 1st I would like you to double check my work. Also I need some essentials question answered. ACCT120 - Accounting Principles II Project Directions and Rubric...

I need assistance with this finance question 8-1. Thank you PROBLEM 8-1 Given Sale price Square footage Selling price/sq ft Time on the market $ $ Comp #1 240,000.00 $ 2,240 107.14 $ 61 days Solution...

Case Questions: Be Our Guest, Inc. 1. A. Reformat the income statement to clearly indicate EBITDA and EBIT. B. See footnote A Exhibit 3. Remove from "Other General and Administrative Expenses the...

Help Answer the questions below 1) Conduct a SWOT of the case. 2) What do you recommend they can do ( minimum of two recommendations). Show your rationale for your choices 3) What is the best course...

1. In 2013, several data server companies took a dramatic decision to begin using energy surcharges to recapture rising energy costs. However, customers are critical of how the energy surcharges are...

hi. I'm stuck with a report whose Chic Paints Ltd. and I am finding difficulty to answer some questions such as the organisations accounting system requirements including hardware and software...

I am looking for "Progress Test 3 and 4" for ACCT 652 @ Pepperdine University... Attached are "Progress Test 1 and 2" for ACCT 652 @ Pepperdine University to help reference what I am looking for......

The adjusted trial balance for Carla Vista Ltd. at October 31, 2021, contained the following: Accounts payable $58,910 Income tax payable $6,103 Accounts receivable 106,860 Notes payable 220,915...

Given 2 companies in the same industry, which seems like the better investment opportunity and why? Company: A Total Revenue $12 million Net Margin Debt Ratio Return on Assets Quick Ratio 11% 0.4 15%...

In the stockholders' equity section of a corporation's balance sheet, stockholders' equity and paid - in capital are separated by source. True False

Q What is the function of anti-pumping in the circuit breaker?