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3 years ago

The Dewey Corporation has the following data, in thousands. Assuming a 365-day year, what is the firm's cash conversion cycle?

Business

1 answer:

Wewaii [24]3 years ago

6 0

Answer:

d. 35 days

Explanation:

Cash conversion cycle = Average inventory/ (COGS/365) + Average account receivables/(Credit sales/365) - Average account payable / (COGS/365)

Cash conversion cycle = 4,000 / (31,500/365) + 2,000/(45,000/365) - 2,400/(31,5000/365)

Cash conversion cycle = 4,000/86.3014 + 2,000/123.2877 - 2,400/86.3014

Cash conversion cycle = 46.3492 + 16.2222 - 27.8095

Cash conversion cycle = 34.7619

Cash conversion cycle = 35 days

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The statement of cash flows shows a firm's revenues, costs of goods sold, expenses, and net income. True or false

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Answer:

false

Explanation:

A statement of cash flows on tracks Cash, not credit, expenses, or any of that jazz. There are other financial reports to account for them.

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2 years ago

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3 years ago

A company uses the finite replenishment model to determine the optimal quantity to produce. There are days a year over which dem

SVEN [57.7K]

Answer:

16.1 days

Explanation:

Note: The full question is attached as picture below

Daily demand d = 520

Annual demand D = 520*250 = 130000

Setup cost S = $680

Production rate p = 875

Holding cost H = 0.25*25 = 6.25

Optimal order quantity Q

$Q = \sqrt{2DS/H}$ $\sqrt{p / p -d}$

$Q = \sqrt{(2*130000*680)/6.25} \sqrt{875/875-520}$

Q = 8350

Length of production run = Q/d

Length of production run = 8350/520

Length of production run = 16.05769230769231

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3 years ago

he following items appeared on the Year 6 year-end trial balance for the Brown Coffee Company:DebitsCreditsRevenues$600,000Opera

Svetllana [295]

Answer:

net income $72,000

Explanation:

The computation of the amount that should be reported is shown below:

Revenue $600,000

less:

operating expense -$420,000

restructing costs -$100,000

interest expense -$20,000

Add: gain on sale of investments $30,000

EBIT $90,000

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net income $72,000

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3 years ago

Applying Overhead to Jobs, Costing Jobs Jagjit Company designs and builds retaining walls for individual customers. On August 1,

k0ka [10]

Answer:

Job 93 Job 94 Job 95 Job 96

1. Labor Hours 120 300 145 50

2. Overhead applied rate $906 $2,400 $1,160 $400

Explanation:

Labor rate per hour = $18

Labor hours = Total Labor cost / rate per hour

Job 93 = $2,160 / $18 = 120 hours

Job 94 = $5,400 / $18 = 300 hours

Job 95 = $2,610 / $18 = 145 hours

Job 96 = $900 / $18 = 50 hours

Overhead applied rate = Labor Hours x overhead applied rate

Job 93 = 120 x $8 = $960

Job 94 = 300 x $8 = $2,400

Job 95 = 145 x $8 = $1,160

Job 96 = 50 x $8 = $400

3 0

4 years ago