Question: Please help with the following question? 1.3 REQUIRED Use the information provided below to calculate the cash conversion cycle. (Assume a 360-day year.) (5 marks)

Please help with the following question?

1.3 REQUIRED Use the information provided below to calculate the cash conversion cycle. (Assume a 360-day year.) (5 marks) INFORMATION The following information was obtained from the records of Coastal Traders for 2019: Total sales for the year (50% on credit) R3 312 000 Credit purchases for the year R1 188 000 Inventories on 31 December 2019 R32 400 Amount owing by debtors on 31 December 2019 R180 000 Amount owing to creditors on 31 December 2019 R50 400 Average age of inventories 18 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!

Answer ALL questions in this paper. [100 MARKS] QUESTION 1 (20 Marks) 1.1 REQUIRED Calculate Annes remuneration for 15 April 2022. (4 marks) INFORMATION The normal wage of Anne is R200 per hour and...

QUESTION 1 (20 Marks) 1.1 REQUIRED Calculate Annes remuneration for 15 April 2022. (4 marks) INFORMATION The normal wage of Anne is R200 per hour and her normal working day comprises 9 hours. The...

1.3 REQUIRED Use the information provided below to calculate the gross profit for the financial year ended 28 February 2023. (4 marks) INFORMATION The following balances/totals, amongst others,...

QUESTION 4 REQUIRED Use the information provided below to calculate the following ratios for the financial year ended 31 December 2019. (Where applicable, express answers to two decimal places.) (2...

Answer ALL questions. [100] QUESTION 1 (20) 1.1 REQUIRED Use the information provided below to calculate the cost to Umhlali Stores (as a percentage) of not accepting the discount. (Assume a 365-day...

FINAL ONLINE SUMMATIVE ASSESSMENT PROGRAMME Bachelor of Commerce in Accounting Bachelor of Commerce in Corporate Communication MODULE Introduction to Financial Accounting YEAR One ( 1 ) INTAKE July 2...

NOTE: Except for question 3.2 ignore VAT. QUESTION 1 (20 Marks) 1.1 REQUIRED Show the effect of the following transactions of ST Services on the accounting equation. Assume that the bank balance is...

QUESTION 1 ( 2 0 Marks ) 1 . 1 REQUIRED Calculate the remuneration of Molly for 0 8 February 2 0 2 4 using Taylor s differential piecework system. ( 4 marks ) INFORMATION The following information...

If the production function of a competitive firm is homothetic, then the cost function is separable, that is, C(w,y) = (y)c(w,1)

In a rapidly evolving digital landscape, how can marketers effectively adapt their marketing strategies to leverage emerging technologies such as virtual reality (VR), augmented reality (AR), or...

07.02-PR009 $100,000 is invested in equipment having a negligible salvage value regardless of when the equipment is replaced. O&M costs equal $25,000 the first year and increase $5,000 per year....

Pam Corporation acquired 100 percent of Sun Corporation's outstanding voting common stock on January 1, 2016, for $660,000 cash. Sun's stockholders' equity on this date consisted of $300,000 capital...

The following table details the tasks required for Indiana- based Frank Pianki Industries to manufacture a fully portable industrial vacuum cleaner. The times in the table are in minutes. Demand...

Pam Corporation acquired its 90 percent interest in Sun Corporation at its book value of $3,600,000 on January 1, 2016, when Sun had capital stock of $3,000,000 and retained earnings of $1,000,000....

Bob Estes works at Cliffrock Company in the central receiving department. He unpacks incoming shipments and verifies quantities of goods received. Over the weekend, Bob pulled a muscle in his back...

Explain why an employee whose gross salary is $20,000 costs an employer more than $20,000 to employ.

What objective should the ARAPU process be trying to achieve?

3. Why is the following statement, If the Church is a context, it is because it is inside our heads, correct?

1. Discuss the following statements: a) Jeppe drinks because Holberg (the author) forced him to. b) When the soup you are served tastes bad, complain to the cookbook publisher. c) The purpose of an...

2. Find out if there are other reference points that can be used as reasonable alternatives.