Answer:
days on inventory 57 + collection cycle 163- payment cycle 63
CCCT = 157 days
Explanation:
The cash-to-cash measures the times from the company paid his good from the time it collect from the customer:
days inventory outstanding + collection cycle - payment cycle
<u>days inventory outstanding:</u>
Where:
where:
COGS $ 1,790,000
Beginning Inventory: $ 273,000
Ending Inventory: $ 290,000
Average Inventory: $ 281,500
Inventory TO 6.358792185
Days on Inventory 57
<u>Collection cycle:</u>
where:
Purchases: 1,575,000
Beginning AP: 227,500
Ending AP: 316,200
Average AP: 271,850
AP TO 5.793636196
payment cycle 63
<u>Collection cycle</u>
Sales 102,000
Average AR 45,500
AR TO 2.241758242
collection cycle 163
Answer:
A resume includes all your special skills and extracurriculars, whereas an application only includes basic information. Resumes are people's "chance to shine," possibly impressing employers to increase the chances of hiring.
Answer:
The BEP will decrease, which is good.
The reason is that C90B has a better profit margin than Y45E so if the sales shift toward C90B the Contribution mix margin ratio will be higher and it will be easy to pay fixed cost and make a gain
Explanation:
C90B
sales 37,000
variable expenses 9,250
contribution margin 27,750
CM 0.75
Y45E
sales 29,700
variable expenses 16,335
contribution 13,365
CM 0.45
Answer:
So you can be prepared to handle future responsibilities about finances.
Explanation:
One prime example would be when you go to college you need to make decisions whether to keep the money or give it away for some fragile reasons/needs. Maintaining a checking account instills the habit to grow & safeguard the savings you might make working after school. Just my two cents! :)
Answer:
3,600 units
Explanation:
Given:
Selling price per unit = $30
Variable cost per unit = $12
Contribution per unit = Selling price - variable cost
= 30 - 12
= $18 per unit
Fixed cost = $54,000
Increase in fixed cost this year = 54,000 × 1.2 = $64,800
Break even point in units = Fixed cost / contribution margin
Since only fixed cost increase and selling price and variable cost remain same, contribution margin will be $18 per unit
Break even point in units = 64,800 / 18
= 3,600 units
