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vaieri [72.5K]
4 years ago
7

You determined the following information for Big Rapid's Supplies: It has a receivables turnover rate of 23.5 a payables turnove

r rate of 12.5 and an inventory turnover rate of 19.15. What is the length of the firm's operating cycle
Business
1 answer:
wlad13 [49]4 years ago
4 0

Answer:

35 days

Explanation:

Receivables turnover rate = 23.5

Payables turnover rate = 12.5

Inventory turnover rate = 19.15

Length of firm's operating cycle :

(Days sales in inventory + average collection period)

Days' sales in inventory = (365 days / inventory turnover ratio)

Days' sales in inventory = (365 / 19.15)

Days's sales in inventory = 18.717 days

Average collection period : (365 / accounts receivable turnover ratio)

Average collection period = (365 / 23.5)

Average collection period = 15.531

(18.717 + 15.531)

= 34.248

= 35 days

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Answer:

$92,000

Explanation:

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Using this formula

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An investment of $6000 earns interest at 2.5% per annum compounded semi- annually for 5 years. At the that time the interest rat
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<h3>What is accumulated value?</h3>

The sum of an investment's present holdings, including the money invested and interest accrued thus far, is known as its accumulative value. Because it refers to the whole acquired value of a whole life insurance policy, the accumulative value is significant in the insurance industry. Accumulated value, also known as accumulated amount or cash value, is determined by adding the initial investment and any interest that has already been accrued.

When the owner of a whole (or universal) life insurance policy starts making monthly premium payments, the accumulated value of the policy starts to increase for insurance reasons. These premium payments are divided into two halves by an insurance company. The first part pays for the costs of the fundamental insurance coverage. The insurance company places the second share in an internal account where it serves as a form of investment that builds cash value.

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