Homework Answers
Days Accounts Receivable = 365 * Accounts Receivables /
Revenue
Days Accounts Receivable = 365 * $9,385,056.88 /
$60,025,769.22
Days Accounts Receivable = 57.07 days
Days Accounts Payable = 365 * Accounts Payable / Direct
Costs
Days Accounts Payable = 365 * $5,191,671.09 / $54,209,800.44
Days Accounts Payable = 34.96 days
Collection Period Variance = Days Accounts Payable - Days
Accounts Receivable
Collection Period Variance = 34.96 days - 57.07 days
Collection Period Variance = -22.11 days
Add Answer to:
Calculate the Collection Period Variance. This is not in your slides. Remember the CPV is the...
i need help plz. Calculate the Net Revenue Requirement based on the following financial information: Minimum...
i need help plz.
Calculate the Net Revenue Requirement based on the following financial information: Minimum Profit Goal: $201,467 last 3-year average revenue $6.044,485.14 last 3-year average direct costs $5,313,986.22 last 3-year year average variable overhead $307,301.46 fixed costs: to be determined Last 3-year average profit margin $240.396.82 Note, I've provided last year's financial data so you can establish what your fixed costs have historically been. Use the Minimum Profit Goal to calculate the net revenue requirement. Calculate the Days...
Calculate the Days in Accounts Receivables based on the following financial information: Revenue $60,367,467.58 Cash &...
Calculate the Days in Accounts Receivables based on the following financial information: Revenue $60,367,467.58 Cash & Securities $18,479,254.57 Accounts $9,458,757.22 Receivables Accounts Payables $5,029,586.13 Direct Costs $54,308,364.47
Calculate the accounts receivable turnover and average collection period. Assume that average net accounts receivable were...
Calculate the accounts receivable turnover
and average collection period. Assume that average net accounts
receivable were $325,000. (Use 365 days for
calculation. Round average collection period to 1 decimal place,
e.g. 15.1.)
Question 14 0.67/1 View Policies Show Attempt History Current Attempt in Progress During its first year of operations, Sandhill Company had credit sales of $3,900,000, of which $410,000 remained uncollected at year-end. The credit manager estimates that $23,400 of these receivables will become uncollectible. Your answer is correct....
5 The following ratios are available from the accounts of Pop Co Receivables payment period Finished...
5 The following ratios are available from the accounts of Pop Co Receivables payment period Finished goods inventory turnover period Raw materials inventory turnover period Payables payment period 24 days 23 days 3 days 28 days Calculate the length of Pop Co's cash cycle. A B C 6 days 26 days 32 days 88 days D The following ratios are available for Loopy Co. Inventory turnover period Payables payment period Receivables collection period 170 days 35 days 22 days Calculate...
Zane Corporation has an inventory conversion period of 69 days, an average collection period of 43...
Zane Corporation has an inventory conversion period of 69 days, an average collection period of 43 days, and a payables deferral period of 23 days. Assume 365 days in year for your calculations. What is the length of the cash conversion cycle? Round your answer to two decimal places. days If Zane's annual sales are $2,181,245 and all sales are on credit, what is the investment in accounts receivable? Do not round intermediate calculations. Round your answer to the nearest...
Zane Corporation has an inventory conversion period of 83 days, an average collection period of 33...
Zane Corporation has an inventory conversion period of 83 days, an average collection period of 33 days, and a payables deferral period of 40 days. Assume 365 days in year for your calculations. a. What is the length of the cash conversion cycle? Round your answer to two decimal places. 76 days b. If Zane's annual sales are $4,278,570 and all sales are on credit, what is the investment in accounts receivable? Round your answer to the nearest cent. Do...
6.0 Calculate the average manufacturing period and the average storage period. We know the following data...
6.0 Calculate the average manufacturing period and the average storage period. We know the following data of the company Perfilados, S.A: It bought and consumed € 105,000 in raw materials for the manufacture of its product and, on average, maintained a stock level of them in the stock of € 9,250. Calculate the average storage period. Average storage time = (average inventory / cost of annual purchases) x 360 days Calculation: 9250/105000*365=32.2 days is this right? The cost of its...
Refer to the following financial information for The Gaming Company: Income Statement Information in thousands) Sales*...
Refer to the following financial information for The Gaming Company: Income Statement Information in thousands) Sales* $ 10,000 Cost of Goods Sold S $ 6,750 Net Income $3,250 Balance Sheet Information in thousands) Cash and marketable securities $ 2.250 Accounts Receivable $ 4,000 Inventory = $ 2,750 Fixed Assets $ 15,000 Accounts Payable $ 3,500 Long-term Debt = $5,000 Common Equity = $6,500 *all sales and purchases made on credit. The following is a three-part question. Please be sure you...
Cash Conversion Cycle Negus Enterprises has an inventory conversion period of 72 days, an average collection...
Cash Conversion Cycle Negus Enterprises has an inventory conversion period of 72 days, an average collection period of 48 days, and a payables deferral period of 24 days. Assume that cost of goods sold is 80% of sales. Assume a 365-day year. Do not round intermediate calculations. a. What is the length of the firm's cash conversion cycle? Round your answer to the nearest whole number. days b. If annual sales are $4,818,000 and all sales are on credit, what...
Cash Conversion Cycle Negus Enterprises has an inventory conversion period of 73 days, an average collection...
Cash Conversion Cycle Negus Enterprises has an inventory conversion period of 73 days, an average collection period of 40 days, and a payables deferral period of 37 days. Assume that cost of goods sold is 80% of sales. Assume 365 days in year for your calculations. 1. What is the length of the firm's cash conversion cycle? days 2. If Negus's annual sales are $3,437,675 and all sales are on credit, what is the firm's investment in accounts receivable? Round...
i need help plz.
Calculate the Net Revenue Requirement based on the following financial information: Minimum Profit Goal: $201,467 last 3-year average revenue $6.044,485.14 last 3-year average direct costs $5,313,986.22 last 3-year year average variable overhead $307,301.46 fixed costs: to be determined Last 3-year average profit margin $240.396.82 Note, I've provided last year's financial data so you can establish what your fixed costs have historically been. Use the Minimum Profit Goal to calculate the net revenue requirement. Calculate the Days...
Calculate the Days in Accounts Receivables based on the following financial information: Revenue $60,367,467.58 Cash & Securities $18,479,254.57 Accounts $9,458,757.22 Receivables Accounts Payables $5,029,586.13 Direct Costs $54,308,364.47
Calculate the accounts receivable turnover
and average collection period. Assume that average net accounts
receivable were $325,000. (Use 365 days for
calculation. Round average collection period to 1 decimal place,
e.g. 15.1.)
Question 14 0.67/1 View Policies Show Attempt History Current Attempt in Progress During its first year of operations, Sandhill Company had credit sales of $3,900,000, of which $410,000 remained uncollected at year-end. The credit manager estimates that $23,400 of these receivables will become uncollectible. Your answer is correct....
5 The following ratios are available from the accounts of Pop Co Receivables payment period Finished goods inventory turnover period Raw materials inventory turnover period Payables payment period 24 days 23 days 3 days 28 days Calculate the length of Pop Co's cash cycle. A B C 6 days 26 days 32 days 88 days D The following ratios are available for Loopy Co. Inventory turnover period Payables payment period Receivables collection period 170 days 35 days 22 days Calculate...
Zane Corporation has an inventory conversion period of 83 days, an average collection period of 33 days, and a payables deferral period of 40 days. Assume 365 days in year for your calculations. a. What is the length of the cash conversion cycle? Round your answer to two decimal places. 76 days b. If Zane's annual sales are $4,278,570 and all sales are on credit, what is the investment in accounts receivable? Round your answer to the nearest cent. Do...
Refer to the following financial information for The Gaming Company: Income Statement Information in thousands) Sales* $ 10,000 Cost of Goods Sold S $ 6,750 Net Income $3,250 Balance Sheet Information in thousands) Cash and marketable securities $ 2.250 Accounts Receivable $ 4,000 Inventory = $ 2,750 Fixed Assets $ 15,000 Accounts Payable $ 3,500 Long-term Debt = $5,000 Common Equity = $6,500 *all sales and purchases made on credit. The following is a three-part question. Please be sure you...
Cash Conversion Cycle Negus Enterprises has an inventory conversion period of 72 days, an average collection period of 48 days, and a payables deferral period of 24 days. Assume that cost of goods sold is 80% of sales. Assume a 365-day year. Do not round intermediate calculations. a. What is the length of the firm's cash conversion cycle? Round your answer to the nearest whole number. days b. If annual sales are $4,818,000 and all sales are on credit, what...
Most questions answered within 3 hours.
-
Industry: Telecommunications in India
Here, you need to discuss the sources of the growth pattern
and...
asked 50 minutes ago -
Hydrobromic acid
dissolves solid iron according to the followiaung reaction:
Fe(s)+2HBr(aq)→
FeBr2(aq)+ H2(g)
Part A. What...
asked 2 hours ago -
Verify the following vector identity in SPHERICAL
COORDINATES.
div(curl(A)) = 0
asked 4 hours ago -
The work function (Φ) for a metal is 7.50×10-19 J.
What is the longest wavelength (nm)...
asked 5 hours ago -
1. Would the following procedural changes cause the
calculated mass percent Ni2+ ion in Ni(NH3)nCl2 to...
asked 6 hours ago -
1. Why does the voltage of the capacitor vary with frequency?
where does this missing voltage...
asked 7 hours ago -
p p please write each step out clearly
3. A manager of a company is considering...
asked 6 hours ago -
On October 1, Ebony Ernst organized Ernst Consulting; on October
3, the owner contributed $83,540 in...
asked 7 hours ago -
A.)As an electron moves through a region of space, its speed
decreases from 9.60 × 106...
asked 7 hours ago -
In java with the netbeans program do:
Through object programming
Create a class "ContadorP", which is...
asked 7 hours ago -
Pattern Corporation acquired all of Science
Company's outstanding stock on January 1, 2016 for $600,000 cash....
asked 7 hours ago -
Here are all accounts Tyler Co. maintains.
Tax expenses $4,750
Common stocks $48,840
SG&A expenses $2,500...
asked 8 hours ago