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OLga [1]
3 years ago
11

Float is important in the cash conversion cycle of a firm because​ ________. A. its presence reduces the investment that a firm

must make in its cash conversion cycle B. its presence reduces a​ firm's average payment period C. its presence reduces a​ firm's average collection period D. its presence lengthens both a​ firm's average collection period and its average payment period
Business
1 answer:
Bad White [126]3 years ago
3 0

Answer:

Option D. Its presence lengthens both a firm's average collection period and its average payment period

Explanation:

The increase in the float, increases the investment in the working capital so the Option A is incorrect

The reason is that it is the time period from the time the cash was deposited in the company's account to the time its was credited due to the payment to the vendors. If the floating time is increased then the collection period and payment period are increased which is the option D and is totally opposite to option B and C.

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A contractor estimated that his 10-men crew could complete the construction in 110 days if there was no rain. (Assume the crew d
Pepsi [2]

Answer:

option (B) 5

Explanation:

Given:

Estimated number of men required if no rain = 10

Number of days required in there is no rain = 110

Number of days with rain = 5

Number of people hired after the 61st day = 6

Therefore,

Total man-days required = 10 × 110 = 1100

Total Man-days before 61st day

= (60 days - number of days with rain ) × Initial number of men

= ( 60 - 5 ) × 10

= 550

let the number of days it rained after day 60 be 'n'

Thus,

Man-days worked after 61st day

= Total number of men after 61st day × ( 100 days - 60 days - x )

=  16 × (40 - n)

also,

Total man-days required = Total Man-days before 61st day + Man-days worked after 61st day

or

1,100 = 550 + 16 × ( 40 - n )

or

550 = 640 - 16n

or

n = 5.625

therefore,

It rained for 5 days

option (B) 5

8 0
3 years ago
Which of the following statements is correct? a. If the monopolist's marginal revenue is greater than its marginal cost, the mon
Artist 52 [7]

Answer:<u><em>If the monopolist's marginal revenue is greater than its marginal cost, the monopolist can increase profit by selling more units at a lower price per unit. </em></u>

Explanation:

If the monopolist's marginal revenue is greater than its marginal cost, the monopolist can increase profit by selling more units at a lower price per unit. In the case of higher MR , the maximum profit will come about at the level of where MR is equal to the MC. So in this case to increase the profit, MR i,e, also the price can be lower to the level of MC to sell more commodity and earn higher profits.

7 0
3 years ago
The ____ is an email address used to send messages for distribution to list subscribers.
Serjik [45]
The list address is an email address used to send messages for distribution to list subscribers.
5 0
4 years ago
Francois pays a lot of attention to the environment outside his company, staying alert for long-run opportunities and problems a
Georgia [21]

Answer: Upper level manager

Explanation: The important decisions regarding the direction of operations of an organisation is made by the upper level management. These includes the CEO, CFO etc of the organisation.

In the given case, Francois has been continuously analyzing the market environment for potential opportunities and threats. Thus, Francois will be responsible for future operations decision making of the organisation.

Hence, we can conclude that Francois belongs to the upper level management of the organisation.

3 0
3 years ago
The Administrator of the state of Wisconsin has designated the Investment Adviser Registration Depository (IARD) as the approved
Valentin [98]

Answer:

In states where the administrator has designated the IARD as the method for filing registration applications electronically, two exemptions are available.  The exemptions are given in cases where the form that is filed cannot be accepted by the IARD and for hardships incurred through unexpected technical difficulties in filing. In such cases the investment adviser may file a manual application.

7 0
3 years ago
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