Question

Question 25 1 pts Which of the following statements is correct? The most widely quoted Eurocurrency interest rate is the London Interbank Offer Rate, or LIBOR, which is the long-term premium rate that major insurance firms in London charge to policyholders. O All the answers are correct. The American or direct quote shows the amount of foreign currency per U.S. dollar. Country risk affects a firm's cash flows. O A Eurocurrency is a time deposit that is in a bank located in a country that issued the currency. Question 26 1 pts CONSOL Energy Inc has an operating cycle of 183 days. The firm's days' sales in inventory is 78 days. How much does the firm have in receivables if it has credit sales of $400,000? Round your final answer to the nearest dollar. $38,134 $89,945 $120,142 none of the answers is correct. $115,068

Answer 1

Q25)	All answers are correct.
26)
	Operating cycle = days in receivables + days sales in inventory
	183 days =days in receivables +78 days
	Days sales in receivables =105
	Account rerecivables turnover = 365/ days sales in receivables
	=365/105
	=$3.4762
	Account receivables turnover = Sales / receivables
	3.4762= 400000/ receivables
	Receivables =$115068