Answer:
The $600,000 amount is required to financing so that the cash conversion cycle can be supported
Explanation:
For computing how much financing is required, first we have to compute the cash conversion payable which is shown below:
Cash conversion cycle = Average age of inventory + Average collection period - average payment period
= 65 + 60 - 65
= 60 days
Now, we have to apply the financing formula which is shown below:
= Firm total annual outlays for operating cycle investment × cash conversion cycle ÷ total number of days in a year
= $3,650,000 × 60 days ÷ 365
= $3,650,000 × 0.16438
= $600,000
Hence, the $600,000 amount is required to financing so that the cash conversion cycle can be supported
Answer:
Distilling is essentially the process whereby a liquid made of two or more parts is separated into smaller parts of desired purity by the addition and subtraction of heat from the mixture. The vapours/liquids distilled will separated other ingredients that have lower boiling points.
True, Because The 3 Types Of The Partnerships Are General Partnerships, Because They Are Unlimited Partnership Because Of The Liability Partnership.
Answer:
D. believe in themselves and their ideas.
Explanation:
The entrepreneurs will look at other strength and ecouragement. They will finance through both, own and lended funds. The operations will be delegate to their employee and managers if needed. A single person cannot do all the work for a company. It will require to delegate.
The importance of sel-nurturing is to trust on his idea and business vision. Having confidence into their abilities will increase their chance of success.
This is true, because when the price goes up that means that the economy is slowly inflating and usually after that happens it implodes on itself and collapses.
