Homework Answers
True,
An operating cycle is a length of time it takes to convert inventory to account receivable plus the time it takes to convert the account receivable back to back cash.
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An operating cycle is the length of time it takes to convert inventory to accounts receivable...
2. The operating cycle is based on the: a) Cash cycle plus Accounts Receivable period b)...
2. The operating cycle is based on the: a) Cash cycle plus Accounts Receivable period b) Inventory period plus Accounts Receivable period c) Accounts Payable period minus Cash cycle d) Accounts Payable period minus Accounts Receivable period PLEASE HELP WIHT THE QUESTION
QUESTION 19 Which one of the following defines the cash cycle? A Operating cycle minus the...
QUESTION 19 Which one of the following defines the cash cycle? A Operating cycle minus the accounts payable period. B. Operating cycle minus the inventory period. o Operating cycle minus the accounts receivable period. D. Inventory period plus the accounts payable period. E. Inventory period plus the accounts receivable period. QUESTION 20 The Du Pont identity can be best defined by which one of the following? O A Return on equity, total asset turnover, and equity multiplier B. Profit margin,...
MULTIPLE CHOICE QUESTIONS: Choose either A, B, C, D 1. Accounts receivable turnover is useful in...
MULTIPLE CHOICE QUESTIONS: Choose either A, B, C, D 1. Accounts receivable turnover is useful in assessing the profitability of receivables. A) True B) False 2. The statement of cash flows explains the difference between net income, as shown on the income statement, and the net cash flows generated from operations. A) True B) False 3. The loss on disposal of a significant component of a business is disclosed in the statement of retained earnings. A) True B) False 4....
Consider the following financial statement information for the Newk Corporation: Item Inventory Accounts receivable Accounts payable...
Consider the following financial statement information for the Newk Corporation: Item Inventory Accounts receivable Accounts payable Credit sales Cost of goods sold Beginning $ 10,200 5,200 7,400 Ending $11,200 5,500 7,800 $82,000 62,000 Calculate the operating and cash cycles. (Use 365 days a year. Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) days Operating cycle Cash cycle days
which of the following statement regarding the operating cycle of a merchandising company is not true?...
which of the following statement regarding the operating cycle of a merchandising company is not true? a) the operating cycle begins with the purchase of merchandise b) the operating cycle is shorted by credit sales c) the operating cycle sometimes accounts receivable d) the operating cycle ends with the collection of Cash from sales of merchandise
Question 5 (8 points) Find the Cash-to-Cash Cycle Time if the annual sales is $14 million, cost of goods sold is S10 million, average inventory is SI.5 million, accounts receivable is S1.2 million...
Question 5 (8 points) Find the Cash-to-Cash Cycle Time if the annual sales is $14 million, cost of goods sold is S10 million, average inventory is SI.5 million, accounts receivable is S1.2 million, and accounts payable is S1.3 million
Question 5 (8 points) Find the Cash-to-Cash Cycle Time if the annual sales is $14 million, cost of goods sold is S10 million, average inventory is SI.5 million, accounts receivable is S1.2 million, and accounts payable is S1.3 million
Which of the following statements is FALSE? OA. The firm's cash cycle is the average length...
Which of the following statements is FALSE? OA. The firm's cash cycle is the average length of time between when a firm originally purchases its inventory and when it receives the cash back from selling its product. O B. If the firm pays cash for its inventory, the firm's operating cycle is identical to the firm's cash cycle O C. The main components of net working capital are cash, inventory, receivables, and payables. O D. Working capital includes the cash...
en an account receivable that has been written off is subsequently collected, that account receivable must...
en an account receivable that has been written off is subsequently collected, that account receivable must be reinstated and the cash collection recorded. A. True. B. False. is the type of account and normal balance of Allowance for Doubtful Accounts? A. Liability, credit. B. Revenue, credit. C. Contra asset, debit. D. Contra asset, credit. 16. The difference between accounts receivable and allowance for doubtful account is called net realizable value. A. True. B. False, 17. The account receivable turnover measures...
Bob's Burgers has an Inventory Turnover of 6.0, an Accounts Receivable Turnover of 8.5, and an...
Bob's Burgers has an Inventory Turnover of 6.0, an Accounts Receivable Turnover of 8.5, and an Accounts Payable Turnover of 10.1. What is the length of their Cash Conversion Cycle? 0 4.4 139.8 67.6 • 54.0
BobCat Inc. has cash of $22,000, accounts receivable of $78,000, inventory of $62,000, prepaid insurance 8,000...
BobCat Inc. has cash of $22,000, accounts receivable of $78,000, inventory of $62,000, prepaid insurance 8,000 and land of $90,000. The company has only one current liability account- salary payable of $64,000. BobCat Inc. current ratio is 2.50? True False
QUESTION 19 Which one of the following defines the cash cycle? A Operating cycle minus the accounts payable period. B. Operating cycle minus the inventory period. o Operating cycle minus the accounts receivable period. D. Inventory period plus the accounts payable period. E. Inventory period plus the accounts receivable period. QUESTION 20 The Du Pont identity can be best defined by which one of the following? O A Return on equity, total asset turnover, and equity multiplier B. Profit margin,...
MULTIPLE CHOICE QUESTIONS: Choose either A, B, C, D 1. Accounts receivable turnover is useful in assessing the profitability of receivables. A) True B) False 2. The statement of cash flows explains the difference between net income, as shown on the income statement, and the net cash flows generated from operations. A) True B) False 3. The loss on disposal of a significant component of a business is disclosed in the statement of retained earnings. A) True B) False 4....
Consider the following financial statement information for the Newk Corporation: Item Inventory Accounts receivable Accounts payable Credit sales Cost of goods sold Beginning $ 10,200 5,200 7,400 Ending $11,200 5,500 7,800 $82,000 62,000 Calculate the operating and cash cycles. (Use 365 days a year. Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) days Operating cycle Cash cycle days
Question 5 (8 points) Find the Cash-to-Cash Cycle Time if the annual sales is $14 million, cost of goods sold is S10 million, average inventory is SI.5 million, accounts receivable is S1.2 million, and accounts payable is S1.3 million
Question 5 (8 points) Find the Cash-to-Cash Cycle Time if the annual sales is $14 million, cost of goods sold is S10 million, average inventory is SI.5 million, accounts receivable is S1.2 million, and accounts payable is S1.3 million
Which of the following statements is FALSE? OA. The firm's cash cycle is the average length of time between when a firm originally purchases its inventory and when it receives the cash back from selling its product. O B. If the firm pays cash for its inventory, the firm's operating cycle is identical to the firm's cash cycle O C. The main components of net working capital are cash, inventory, receivables, and payables. O D. Working capital includes the cash...
en an account receivable that has been written off is subsequently collected, that account receivable must be reinstated and the cash collection recorded. A. True. B. False. is the type of account and normal balance of Allowance for Doubtful Accounts? A. Liability, credit. B. Revenue, credit. C. Contra asset, debit. D. Contra asset, credit. 16. The difference between accounts receivable and allowance for doubtful account is called net realizable value. A. True. B. False, 17. The account receivable turnover measures...
Bob's Burgers has an Inventory Turnover of 6.0, an Accounts Receivable Turnover of 8.5, and an Accounts Payable Turnover of 10.1. What is the length of their Cash Conversion Cycle? 0 4.4 139.8 67.6 • 54.0
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