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2 years ago

If a firm has a cash cycle of 30 days and an operating cycle of 64 days, what is its average payment period

Business

1 answer:

elixir [45]2 years ago

5 0

Answer: 34 days

Explanation:

The average payment period is a measure that is used to show the time the firm takes on average to pay its creditors.

The formula is:

Cash cycle = Operating cycle - Average payment period

30 = 64 - APP

APP + 30 = 64

APP = 64 - 30

APP = 34 days

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Paper Clip Company sells office supplies. The following information summarizes the company's operating activities for the year

marin [14]

Answer:

$41,400

Explanation:

Calculation for Paper Clip Company Operating income

OPERATING NET INCOME for Paper Clip Company

Sales revenue 164,800

Less: Purchases of merchandise (89,900)

Utilities for the store (9,600)

Sales commission (10,100)

Rent for store (13,800)

Operating net income $41,400

Therefore the Operating net income will be $41,400

3 0

2 years ago

An accountant realizes that considerable amount of time that is wasted when accounting tasks are performed manually. the softwar

Vadim26 [7]

The software that automates these tasks is called ________. I would say Excel or some other application using spreadsheets.

3 0

3 years ago

Read 2 more answers

On January 1, 2021, Maywood Hydraulics leased drilling equipment from Aqua Leasing for a four-year period ending December 31, 20

zlopas [31]

Answer: See explanation

Explanation:

The appropriate entries for Maywood on January 1, 2021 and December 31, 2021, related to the lease goes thus:

January 1, 2021:

Debit Right of use asset $368291

Credit Lease payment $368291

December 31, 2021:

Debit Ammortization expense $92073

Credit Rights of use asset $92073

Debit Interest expense $25780

Debit Lease payable $78220

Credit Cash $104000

The working to the above entries has been attached

6 0

2 years ago

Determine the missing amounts. Unit Selling Price Unit Variable Costs Unit Contribution Margin Contribution Margin Ratio 1. $900

Pie

Answer:

(a) = $468

(b) = 52%

(d) = 28%

(e) = $1150

(f) = $920

Explanation:

selling price variable cost contribution margin contribution ratio

1. $900 $432 (a) $ (b)%

2. $200 $ (c) $56 (d)%

3. $ (e) $(f) $230 20%

contribution = selling price - variable costs

Margin contribution ratio = contribution / sales

Variable cost = selling price - contribution

Selling price = contribution / margin contribution ratio

5 0

2 years ago

Unfortunately, Angie doesn't have enough money in her account right now. She needs to make additional contributions at the end o

SIZIF [17.4K]

Answer: $770.22

Explanation:

If she makes equal contributions then those would be annuities. The $9,000 she wants to have will be the future value of the amount currently in her account and the annuity.

9,000 = 5,000 ( 1 + r) ^ n + ( annuity * future value interest factor of an annuity, 9%, 3 years)

9,000 = 5,000 ( 1 + 9%) ^ 3 + ( Annuity * 3.2781)

9,000 = 6,475.145‬ + 3.2781 * Annuity

Annuity = (9,000 - 6,475.145‬) / 3.2781

Annuity = $770.22

4 0

2 years ago