It's A. At least i am pretty sure that is the answer.
Answer: Option A
Explanation: Outsourcing can be defined as the business practice under which the company transfers its certain jobs to other labor force in foreign countries.
This system is majorly employed by the organisations because of low price labor in foreign countries.
From the above explanation we can conclude that option A is correct.
Explanation:
The journal entry is as follows
In the books of Crane company
Merchandise Inventory A/c $1,350
To Accounts payable A/c $1,350
(Being inventory purchased on credit)
In the books of Sheridan Company
Account receivable A/c Dr $1,350
To Sales revenue $1,350
(Being the goods are sold on credit)
Cost of goods sold A/c Dr $655
To Merchandise Inventory A/c $655
(Being goods are sold at cost)
Remain calm, keep eye contact, don’t seem nervous they’ll notice that, practice your interview by yourself don’t wait till your there in person to do it or you might slip up
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
