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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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Organizational ethics begins at the top, and the leadership and example of strong managers can help instill corporate values in
Nat2105 [25]

Answer:

Features of compliance- Based ethics codes

Ideal ⇒ Conform to outside standards

Compliance codes means that there are external standards that need to be complied with such as legal codes.

Objective ⇒ Avoid criminal misconduct

Going against these codes would be a criminal act if the codes are enforced by the government.

Leader ⇒ Lawyers

Lawyers enforce these codes through lawsuits as they fall under the legal realm.

Methods ⇒ Education, reduced employee discretion

To ensure these codes, employees should be educated on them to reduce instances of employee discretion.

Features of Integrity- Based ethics codes

Ideal ⇒ Conform to outside standards and chosen internal standards.

Company goes the extra mile of instituting their own standards in addition to outside standards.

Objective ⇒ Enable responsible employee conduct.

Goal is to ensure that employees act with integrity and responsibility.

Leader ⇒ Managers

As this is internal, it would be enforced by managers.

Methods ⇒ Accountability, decision processes, control.

4 0
3 years ago
Q-mart failed to include inventory that was kept in a separate warehouse in its 12/31 end-of-the-period inventory count. Consequ
babunello [35]

Answer:

a. The gross profit. net income and retained earnings at the end of year will be overstated.

b. Assets will be understated especially the current assets.

c. Equity will be overstated.

Explanation:

a. Explain how this error will effect the income statement income statement

When the income statement is being prepared, cost of goods sold must be computed and then deducted from the net sales revenue to arrive at the gross profit. The formula for calculating the cost of goods sold and gross profit is as follows:

Cost of goods sold = Beginning inventory + Net purchases - Ending inventory

Gross profit = Net sales revenue - Cost of goods sold

From the cost of goods sold, it can be seen that ending inventory is a deduction. Also, cost of goods sold is a deduction from the gross profit equation.

As a result these, the failure of Q-mart to include inventory that was kept in a separate warehouse in its 12/31 end-of-the-period inventory count will make the cost of goods sold to be understated, while the gross profit and the net income for the year as well as retained earnings at the end of the year will be be overstated by the amount of the omitted ending inventory.

b. Explain how this error will effect the Asset

Ending inventory is a component of the current assets in the balance sheet. As a result of this, the failure of Q-mart to include inventory that was kept in a separate warehouse in its 12/31 end-of-the-period inventory count will make the asset to be understated by the amount of the omitted ending inventory.

c. Explain how this error will effect the Equity

From part a. above, it can be seen that retained earnings at the end of the year will be be overstated by the amount of the omitted ending inventory.

Since the retained earnings for the year is a component of the stockholders equity in the balance sheet, equity will therefore be overstated by the amount of the omitted ending inventory as the gross profit and the net income for the year as well as retained earnings for the year were already overstated in the income statetement.

4 0
3 years ago
Kluber, Inc. had net income of $911,000 based on variable costing. Beginning and ending inventories were 56,100 units and 54,200
Elanso [62]

Answer: $907,580

Explanation:

Under Absorption Costing you remove the opening fixed cost balance and add the ending fixed cost balance to find out the net income in this manner,

Net Income under Variable Costing = $911,000

Opening Fixed Overhead Cost

= 1.8 x 56,100

= $100,980

Closing Fixed Overhead Cost

= 1.8 x 54,200

= $97,560

= 911,000 - 100,980 + 97,560

= $907,580

This is the income under Absorption Costing.

If you need any clarification do react or comment.

4 0
3 years ago
Work-family conflicts can be social or emotional.T/F
solong [7]

True because when you don't have enogh time with your family you can be unhappy and you might not be as cheerful around people.

3 0
4 years ago
Attributes of rigorous research can be shared across subjects of study. For example, Collins and Porras (2002) highlight the imp
Tju [1.3M]

The correct answer to this open question is the following.

Your question is incomplete. Indeed, there is no question at all, just a statement, and it seems that information is needed. For instance, the text for the referral.

Doing some research I can identify the idea of the question and the correct context is the following.

You have to compare two texts. One from an original source and the other, a text was written by a student. The question asked to compare both texts to see if there is plagiarism or not.

So with that in mind, the correct answer is that there is no plagiarism

The student version paraphrases the original idea, explains it in its own terms, and included proper citation of the text from Collons, J.C., & Porras, J.I. (2002) Built to Last: Successful Habits of Visionary Companies."

Plagiarism happens when you write a text that is not yours, or you do not give credit to the author, pretending it was you the one who wrote it. That is why is necessary to include proper citations in different formats to give the credit to the original author, or that you as student use your own words and ideas to make a notorious difference with the original text.

7 0
4 years ago
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