You are studying with some classmates, and one of them states the following: A companys suppliers would
Question:
You are studying with some classmates, and one of them states the following:
A company’s suppliers would prefer that it have a lower accounts payable turnover ratio as that indicates that the company has a lot of cash to pay its current liabilities.
Required
Identify and explain the flaws in your classmate’s statement.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 66% (3 reviews)
A companys suppliers prefer to sell to companies with high accounts payable tur...View the full answer
Answered By
Surbhi Surbhi
Hi. I have 5 years of experience in teaching. I can teach students of school college as well as university level. I can teach according to your needs and abilities. Also I can help you in your exam. You can hire me for your best preparation of exams.
Thank you...
0.00
0 Reviews
10+ Question Solved
Related Book For
Understanding Financial Accounting
ISBN: 9781119715474
3rd Canadian Edition
Authors: Christopher D. Burnley
Question Posted:
Students also viewed these Business questions
-
You are studying with some classmates and one of them states the following: If a company has a large retained earnings balance, this signals that the corporation has been profitable in the past and...
-
You are studying with some classmates and one of them states the following: If a company is being sued, liabilities are never recorded because the outcome of the legal action is contingent or...
-
You are studying with some classmates and one of them states the following: When a company has a pension plan for its employees, its a way of deferring wage-related expenses to future periods. In...
-
Three balls A, B, and C, with masses of 3 kg, 1 kg, and 1 kg, respectively, are connected by massless rods. The balls are located as in Figure. What are the coordinates of the center ofmass? y. m 1...
-
Calculate the MIRR given the following cash flows if the appropriate required rate of return is 10% (use this as the reinvestment rate). YEAR CASH FLOWS 0....... -$ 50,000 1....... 25,000 2..........
-
Design an array multiplier that multiplies two 4-bit numbers. Use AND gates and binary adders.
-
Compare and contrast prototyping and the incremental and iterative approach to software development.
-
Troyers long- term available- for- sale portfolio at December 31, 2012, consists of the following. Troyer enters into the following long- term investment transactions during year 2013. Jan. 13 Sold...
-
Two speeding lead bullets, one of mass 13.0 g moving to the right at 320 m/s and one of mass 7.95 g moving to the left at 385 m/s, collide head-on, and all the material sticks together. Both bullets...
-
A survey by the Arthur Andersen Enterprise Group/ National Small Business United attempted to determine what the leading challenges are for the growth and survival of small businesses. Although the...
-
Exhibits 10.11A contain excerpts from the University of Torontos annual financial report for the year ended April 30, 2021. Required a. Explain what it means when it states that the debentures are...
-
Metro Inc. is one of Canadas leading food retailers and distributors and operates a network of supermarkets, discount stores, and drugstores. Exhibit 10.9A includes the companys statement of...
-
What are the four bases in DNA?
-
Client decided to spend $5 million on advertising and reported to the agency that they earn $1 dollar of profit for each unit sold. They currently sell 15 million units. How many units do they need...
-
After her husband Jonas passed away, Samantha was entitled to receive a designated benefit of $100,000 from his RRIF. During the year of his death, the minimum amount that Jonas was required to...
-
Muscles Gym collected $600 as an annual membership fee from a client on April 1. How much deferred revenue will they recognize at the end of that calendar year? Show your calculations.
-
Given a growth rate of 6.0%, WACC of 12.0% and FCFt=0 of $5.0 million, what is the continuing value (CV) estimate?
-
A shoe store establishes a retail store on May 1, 2018. Cash of $50,000 is contributed to the business by an individual, Joe Smith, in exchange for 100% of the company's stock. This cash enables the...
-
What are the requirements for a self-employed person to claim a deduction for an office in the home? What are the additional requirements for an employee to take a home office deduction?
-
The value of a share of common stock depends on the cash flows it is expected to provide, and those flows consist of the dividends the investor receives each year while holding the stock and the...
-
From the perspective of a stock analyst, discuss why the statement of cash flows may or may not be more important than the statement of income when analyzing a company to make a recommendation about...
-
Jacques Rousseau is considering investing in Health Life Ltd., a pharmaceutical company. He read in the paper that this company is doing cancer research and is close to a breakthrough in developing a...
-
The 2016 financial statements of Green Company include the following statement of cash flows: Required: a. Did Green Company increase or decrease its current assets, other than cash, during 2016? Is...
-
Consider the inclusion of change implementation steps that will inspire customer confidence. Put yourself in the shoes of the customerwhat will they like to see in terms of change events?
-
Tris, a base, is a popular buffer for biochemical research. Its pKa is strongly dependent on temperature. Would it make a very good buffer for a scanning calorimetry experiment? Why or why not?...
-
What is the range of useful life for each of the fixed asset categories (i.e., Buildings, Equipment, Furniture, Land, Land Improvements) piece of Land purchased by the company.
Study smarter with the SolutionInn App