Answer:
8.78
Explanation:
The computation of the cash cycle is given below;
We know that
Cash cycle = Inventory conversion period + Receivables conversion period - Payables conversion period.
Here
1. Inventory conversion period = Avg. Inventory ÷ (COGS ÷365)
= (11,000) ÷ (395000 ÷ 365)
= 10.16
2. Receivables conversion period = Avg. Accounts Receivable ÷ (Credit Sales × 365)
= (27000/520000) × 365
= 18.95
3. Payables conversion period = Avg. Accounts Payable ÷ (Purchases × 365)
= (22000 ÷ 395000) × 365
= 20.33
Now the cash cycle is
= 10.16 + 18.95 - 20.33
= 8.78
Answer:
a) resources are limited and efficiency implies that all resources are already in use
Explanation:
If production is efficient, it means that the economy is producing on the production possibility frontier and all resources are in use.
To produce one unit of a good, the economy has to forgo producing one unit of the other good.
I hope my answer helps you.
Answer:
Option B.
Explanation:
Basic accounting equation is
Assets = Liabilities + Equity
where,
Equity = Capital + Retained earnings
Retained earnings = Revenue - Expenses - Dividend
On combining these formula, we get
Assets = Liabilities + Capital + Revenue - Expenses - Dividend
It can be rewritten as
Assets + Dividend + Expenses = Liabilities + Capital + Revenue
Assets + Dividends + Expenses = Liabilities + Common stock + Retained Earnings + Revenues
Therefore, the correct option is B.
Answer: e) Elena will use test data to validate her model
Explanation:
Test data is a computer program that will help Elena to verify the type of results to expect using some set of inputs.
