Answer: $ 65.
Interest accrued on $ 6,500 @ 6 % for 60 days = $ 6,500 * 6 % * 60/360 = $ 65.
6. For the Cook County Company, the average age of accounts receivable is 60 days, the average age of accounts payable is 45 days, and the average age of inventory is 72 days. Assuming a 365-day year, what is the length of the fim's cash conversion cycle?
On April 12, Hong Company agrees to accept a 60-day, 10%, $6,500 note from Indigo Company to extend the due date on an overdue accounts payable. What is the journal entry needed to record the transaction by Indigo Company? Help Save & Exit Multiple Choice Debit Notes Payable $6,500, credit Accounts Payable $6,500 Debit Cash $6,500credit Notes Payable $6,500. Debit Accounts Receivable $6,500, credit Notes Payable $6.500, Debit Accounts Payable $6.500, credit Notes Payable $6,500 Debit Sales $6,500: credit Notes...
Suppose the operating cycle is 60 days, the accounts payable period is 15 days, and the accounts receivable period 40 days. How long is the cash cycle? o 20 days o 25 days O 45 days O 75 days
a. 120 days b. 90 days С. 60 days d. 30 days e. 2 weeks 19. An employee who feels unjustly treated should a. Contact an attorney b. Write a letter to the board of directors c. Bring up the topic at the next staff meeting d. Follow the steps of the grievance process e. File a complaint with the EEOC 20. An incident report should never include a. The identification of the injured party b. Assumptions c. The medical...
11. Which amount of inventory consumes more cash? (A) 30 days (B) 60 days (C) 90 days
A firm will need to take out a $4,400,000 loan 60 days from now for a 180-day interval. It purchases a call with X=4.5%. The call expires in 60 days and the underlying is a 180-day corporate loan rate. What will be the call payoff in 240 days, if the 180-day spot rate in 60 days is 7.7%? Round your answer to the nearest integer
91. If the half – life of a sample of radioactive material is 60 days, what fraction of the original radioactive nuclei will remain after 120 days.
6. A payment stream consists of three payments: $1000 today, $1500 in 70 days and $2000 in 210 days. What single payment, 60 days from now, is economically equivalent to the payment stream if money can be invested at a rate of 8.5%? /3 DE
Time Estimates (days) Start A, B, C 38 108 115 85 19 91 62 100 25 100 65 End 115 68 End What is the estimated slack time for activity A? O 0 days O 20 days O 40 days 60 days O 100 days
Time Estimates (days) Start A, B, C 38 108 115 85 19 91 62 100 25 100 65 End 115 68 End What is the estimated slack time for activity A? O 0 days O...
Aging Method Information Current 0 - 30 Days Past Due 31 - 60 Days Past Due 61 - 90 Days Past Due > 90 Days Past Due Total Amount Past experience ratio Past experience ratio for % of sales method Facts: Accounts receivable balance (beg) Sales on account Collections on account Write-offs of accounts receivable Accounts receivable balance (end) Percentage of Sales Method Allowance for uncollectible accounts (beg) Write-offs of accounts receivable Uncollectible accounts expense Allowance for Uncollectible accounts...