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Makovka662 [10]
3 years ago
7

Bob's Burgers has an Inventory Turnover of 6.0, an Accounts Receivable Turnover of 8.5, and an Accounts Payable Turnover of 10.1

. What is the length of their Cash Conversion Cycle?
Business
1 answer:
vodomira [7]3 years ago
5 0

Answer:

The length of their Cash Conversion Cycle is 68 days.

Explanation:

The lenght of cash cycle can be determine by subtracting days in which amount is payable to creditors from sum of days required to make good and days in which amount will be recovered form customers. Detail calculation is given below.

<em><u>Turnover in day</u></em>

Inventory Turnover  = 365/6 = 61

Accounts Receivable Turnover  = 365/8.5 = 43

Payable Turnover = 365/10.1 = 36

Cash Conversion Cycle = 61 + 43 -36 = 68 days

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Complete question:

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a. brand recognition

b. brand equity

c. brand insistence

d. brand loyalty

e. brand mark

Answer:

For Dell, Trudy is exhibiting some of the benefits of brand loyalty .

Explanation:

Brand loyalty is described as favorable emotions towards the company and willingness to buy the same product or service consistently from the same company now and in the future, irrespective of the behavior of the rival or adjustments in the world.

Corporations spend large sums of money in customer support and promotions in order to create and retain brand awareness with the existing commodity.

Coca-Cola Corporation is an example of an established company that has culminated in consumers showing brand loyalty in light of Pepsi's beverages and advertisement campaigns over the years.

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3 years ago
Mike Greenberg opened Cheyenne Window Washing Inc. on July 1, 2022. During July, the following transactions were completed.
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Answer:

Cash (Dr.) $9.800

Common Stock (Cr.) $9,800

Truck (Dr.) $6,560

Cash (Cr.) $1,640

Accounts Payable -Truck (Cr.) $4,920

Cleaning Supplies (Dr.) $740

Accounts Payable (Cr.) $740

Prepaid Insurance (Dr.) $1,440

Cash (Cr.) $1,440

Accounts Receivable (Dr.) $3,030

Service Revenue (Dr.) $3,030

Accounts Payable - Truck (Dr.) $820

Accounts Payable - Supplies (Dr.) $410

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Cash (Cr.) $490

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1) Accounts Receivable (Dr.) $1,750

Service Revenue (Cr.) $1,750

2) Depreciation expense (Dr.) $202

Accumulated Depreciation (Cr.) $202

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Prepaid Insurance (Cr.) $120

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Answer:

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