Question: Question 5 5 pts Given the following accounting statement information for a company: Net Revenues: $350,000, Cost of Goods Sold: $180,000, Accounts Receivable: $21,000, Inventory:

Question 5 5 pts Given the following accounting statement information for a company: Net Revenues: $350,000, Cost of Goods Sold: $180,000, Accounts Receivable: $21,000, Inventory: $12,000. What is the average flow time in weeks to receive payment from the customer? 3.12 weeks 29.1 weeks 1.78 weeks 3.46 weeks

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 General Management Questions!

excel 32. Father, Inc., buys 80 percent of the outstanding common stock of Sam Corporation on January 1, 2009, for $680,000 cash. At the acquisition date, Sam's total fair value was assessed at...

D Question 5 5 pts Given the following accounting statement information for a company: Net Revenues: $350,000, Cost of Goods Sold: $180,000, Accounts Receivable: $21,000, Inventory: $12,000. What is...

If a company uses $1,500 of its cash to purchase supplies, the effect on the accounting equation would be: Multiple Choice O Assets decrease $1,500 and equity increases $1,500. O Assets increase...

Hull Company reported the following income statement information for the current year: Sales $ 412,000 Cost of goods sold: Beginning inventory $ 135,000 Cost of goods purchased 275,000 Cost of goods...

Answer all questions kindly!!! REVISED CORPORATION LAW 1.) Corporation which is public in character but private in purpose: A.) Corporation B.) De facto corporation C.) Non-stock corporation D.) GOCC...

PAI > Assignments > Week 8: Financial Statement Analysis Project Week 8: Financial Statement Analysis Project Submit Assignment Due Oct 20 by 11:59pm Points 120 Submitting a file upload Available Aug...

QUESTION 1 The tax rate that determines the amount of tax that will be due on the next dollar of taxable income earned is called the: 1. average tax rate. 2. variable tax rate. 3. marginal tax rate....

The tax rate that determines the amount of tax that will be due on the next dollar of taxable income earned is called the: 1. average tax rate. 2. variable tax rate. 3. marginal tax rate. 4. fixed...

need this done in 2hrs...multiple choice..see attached QUESTION 1 The tax rate that determines the amount of tax that will be due on the next dollar of taxable income earned is called the: 1. average...

Fashion Trends, Inc., a regional fashion apparel retailer, wants to prepare a 2021 Pro Forma Income Statement and a 2021 Balance Sheet using the following 2020 and 2019 data: Fashion Trends, Inc....

Help with first homework with formulas thank you! 5 pages full pages just incase you dont see them thanks for the help 37 Chapter 1 Accounting in Business An organization undertakes various...

Vida Medicare is a company that manufactures a wide variety of medicine. Vida Medicare has seen tremendous growth in the past several years and needs to find a new and larger location for its...

Given below are the statements of profit or loss and other comprehensive income of Golden Bhd, Brownish Bhd and Greyish Bhd for the year ended 30 June 2019. Statement of Profit or Loss and Other...

Given psir4 where x represents the stream function in an axisymmetric steady flow under the influence of a gravitational field in cylindrical coordinates r theta x what is the difference in total...

As the manager of Smith Construction, you need to make a decision on the number of homes to build in a new residential area where you are the only builder. Unfortunately, you must build the homes...