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Sloan [31]
3 years ago
10

Tryst Energy Inc. has an average age of inventory of 65 days, an average collection period of 60 days and an average payment per

iod of 65 days. The firm's total annual outlays for operating cycle investments are $3.65 million. Assuming a 365-day year, how much financing is required to support its cash conversion cycle?
Business
1 answer:
zzz [600]3 years ago
4 0

Answer:

The $600,000 amount is required to financing so that the cash conversion cycle can be supported

Explanation:

For computing how much financing is required, first we have to compute the cash conversion payable which is shown below:

Cash conversion cycle = Average age of inventory + Average collection period - average payment period

= 65 + 60 - 65

= 60 days

Now, we have to apply the financing formula which is shown below:

= Firm total annual outlays for operating cycle investment × cash conversion cycle ÷ total number of days in a year

= $3,650,000 × 60 days ÷ 365

= $3,650,000 × 0.16438

= $600,000

Hence, the $600,000 amount is required to financing so that the cash conversion cycle can be supported

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A disadvantage of using social media for marketing research is
Elis [28]

Answer:

the sample of individuals from whom content is gleaned may not be statistically representative of the marketplace.

Explanation:

The product that is promoted by Marketing team tend to be suitable only for costumers with specific set of characteristics. (Could be depended on their age, income, gender, etc)

The data that is gained from internet more often than not will come from anonymous Account. You can never be sure about the account's owner identity and characteristic.

Which mean that the person from which the data is taken  do not necessarily represent the market demographic that the marketing team want to target.

6 0
4 years ago
According to the National Association of Colleges and Employers (NACE) survey, some of the skills that employers seek include:
rodikova [14]

Answer:

1) Problem solving skills

2) Teamwork abilities

3) Strong work ethic

4) Analytic / Quantitative Skills

Explanation:

As reported by the National Association of Colleges and Employers (NACE), during their survey on skills employers seek in candidates. They have found that the most important skills employers seek in a candidate's resume aside from a good GPA are problem-solving skills and the ability to work in a team.

Other top skills that employers want are a strong work ethic and analytical/quantitative skills. These skills were among the top six in the last year's report of NACE. While this year they have become the top four most wanted skills by an employer.

There are other skills as well that employers seek such as Communication Skills (written), Leadership, Communication Skills (Verbal), Initiative, etc. However, they are not as important as the top four skills mentioned above.

8 0
3 years ago
Stanford owns and operates two dry cleaning businesses. He travels to Boston to aquire a restaurant. Later in the month, he trav
Olegator [25]

Answer:

$4,522

Explanation:

As the restaurant is not acquired so the amount of $28,000 would be non-deductible

Also if the expenses is incurred so the maximum deduction allowed is in excess of $50,000 is $5,000

Now

= $51,000 - $50,000

= $1,000 reduction

And,  

= $5,000 - $1,000

= $4,000 deduction

Now

= $51,000 - $4,000

= $47,000

Now

= $47,000 ÷ 180 months

= $261 × 2 months

= 522

Now total deduction is

= $4,000 + $522

= $4,522

4 0
3 years ago
Which of the following would represent the order in which most master budgets are prepared? Multiple Choice Sales, Income Statem
AlekseyPX

Answer:

Sales, Purchases, Cash, Income Statement

Explanation:

The Budgeting Process Starts with determining the <em>Number of Units</em> that need to be <em>sold</em>.Then the <em>Production Budget</em> is prepared to determine the number of units which need <em>to produced</em> to meet the sales.Within the <em>production Budget</em> we can establish the amount of <em>Purchases</em> the firm need to make <em>to satisfy</em> <em>production</em>.A <em>Cash Budget</em> is then prepared to establish Balances of cash from inflows (sales budget) and outflows (purchases budget). then Lastly the  Income Statement.

8 0
4 years ago
"in game theory, a dominant strategy ______ exists."
Charra [1.4K]

<span>Game theory is the study of math and logic behind problems and cooperation. It has logical steps that can be used in making life choices. In game theory, a dominant strategy of Nash equilibrium exist. Nash equilibrium is reach when players choose their own dominant strategy in no unilateral profitable deviation from any other players. In addition, no players would take action as long as other players remain the same. Therefore, Nash equilibrium is self-enforcing strategy. </span>

6 0
3 years ago
Read 2 more answers
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