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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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Quanti Co., a calendar year taxpayer, purchased small tools for $5,000 on December 21, 2016, representing the company's only pur
iris [78.8K]

Answer:

1 and a half months worth of depreciation

Explanation:

The advantage of starting to depreciate an asset purchased on December is that next year you will be able to depreciate it for a full year under MACRS.  Generally, when you purchase an asset, you have to use the half year convention and your depreciation expense for the first year will be low compared to the second year. But if you start depreciating your asset in the current year, even if you purchased it on December and the depreciation expense is not that significant, the next year you will be able to depreciate it at the second year rate.

7 0
4 years ago
You order a $40 Andy Warhol print online for a Christmas gift. There’s a standard shipping charge of $10, but you see that order
tamaranim1 [39]

Answer: C

Explanation:

You're seeing an opportunity in savings the cost is $40 + $10 for shipping = $50 versus $45 with free shipping. You get an extra item for less and it includes free shipping. So its a deal to actually buy the extra item.

4 0
3 years ago
Read 2 more answers
any of the following could be considered business equipment except: a. buildings b. machines c. tools d. vehicles
polet [3.4K]
Buildings would be the best answer
3 0
4 years ago
In a long-run equilibrium, A. only a perfectly competitive firm operates at its efficient scale. B. both a perfectly competitive
BigorU [14]

Answer:

In a long-run equilibrium - only a perfectly competitive firm operates at its efficient scale - option A is the correct answer.

Explanation:

In the long-run equilibrium, only a perfectly competitive firm that operates at its efficient scale and a monopolistically competitive firm sets off with overabundant capacity.

Therefore, in a long-run equilibrium - only a perfectly competitive firm operates at its efficient scale - option A is the correct answer.

7 0
4 years ago
One study found that companies with the highest levels of quality are how many times more productive than their competitors with
Darya [45]

Answer:

The response options are as follows:

A) 2

B) 3

C) 4

D) 5

E) None of the above because quality has no impact on productivity (units / labor hour)

The correct answer is: D) 5

Explanation:

Currently there are challenges and especially competition in organizations, which allows us to face high competition, both nationally and internationally.

Good quality is a quality that any service must have in order to obtain a better performance in its operation and durability, complying with norms and rules necessary to satisfy the needs of the client.

Quality within an organization is an important factor that generates satisfaction for its customers, employees and shareholders, and provides practical tools for comprehensive management. Nowadays, it is necessary to meet the quality standards to be able to compete in an increasingly demanding market; For this, continuous improvement, customer satisfaction and standardization and process control must be sought. You must also make the different departments of the company make quality by defining the objectives that correspond to you always seeking customer satisfaction and continuous improvement.

Quality indicators are measuring instruments, tangible and quantifiable, which allow the quality of processes, products and services to be evaluated to ensure customer satisfaction. In other words, they measure the level of compliance with the specifications established for a given business activity or process. Management indicators measure, overall, the final result of business activities based on a standard, which responds to the level of objective quality that the company expects and wants to achieve.

6 0
3 years ago
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