1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
sdas [7]
3 years ago
7

Suppose that Freddie's Fries has annual sales of $520,000; cost of goods sold of $395,000; average inventories of $11,000; avera

ge accounts receivable of $27,000, and an average accounts payable balance of $22,000. Assuming that all of Freddie's sales are on credit, what will be the firm's cash cycle? (Round your answer to 2 decimal places.)
Business
1 answer:
Nadusha1986 [10]3 years ago
8 0

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

You might be interested in
Dimitri has several apple trees in his yard, and apples are a perfectly competitive market with a price of $2 per pound. if dimi
Alinara [238K]
The total revenue and the marginal revenue when he sells the 100th pound of apples is 
total revenue is $200 (100 * 2) and marginal revenue is $2 (the price of the apple per pound in the market)

So the answer is the total revenue of Dimitri is $200 while the marginal revenue is $2.
4 0
4 years ago
Why is nominal value important ?
lara31 [8.8K]

Answer: A preferred stock's nominal (par) value is important in that it is used to calculate its dividend while the nominal value of common stock is an arbitrary value assigned for balance sheet purposes. In economics, nominal value refers to the current monetary value and does not adjust for the effects of inflation.

Explanation:

Hope it helps

3 0
3 years ago
He table below shows the number of male and female students enrolled in nursing at a particular university for a recent semester
Serga [27]
     ​(a) the probability that a randomly selected student is​ male, given that the student is a nursing major.

 total nursing Majors  (male+female)--------98+741=839

<span>Total males  nursing Majors ---------------------98</span>

 P=98/839=0.1168=11.68%

  (b) the probability that a randomly selected student is a nursing​ major, given that the student is male.

 total nursing Majors  (male+female)--------98+741=839

<span>Total males  --------------------------------------1151</span>

 P=98/1151=0.0851=8.51%

5 0
3 years ago
cash transactions involving the purchase and sale of long-term assets and current investments are classified on the statement of
ivanzaharov [21]

Answer: Investing Activities

Explanation: The investing activities lists all of the purchases and sales of long-term fixed assets, such as equipment, building, land, and the purchase of shares.

Hope this helps.

7 0
2 years ago
Sloane tells eden that brad is a horrible son to his mother. brad sues for defamation even though he suffered no injury. brad wi
cricket20 [7]

"Defamation of character"

Is a catch-all term for any statement that hurts someone's reputation. Written defamation is called "libel," while spoken defamation is called "slander." Because written statements last longer than spoken statements, most courts, juries, and insurance companies consider libel more harmful than slander.

Defamation is not a crime in most states, but it is a "tort" (a civil wrong, rather than a criminal wrong). The person who has been defamed (the "plaintiff") can sue the person who did the defaming (the "defendant") for damages.

Defamation law tries to balance competing interests: On the one hand, someone shouldn't be able to ruin your life by telling lies about you; on the other hand, people should be able to speak freely without fear of litigation over every insult, disagreement, or mistake. Political and social debate is important in a free society, and we obviously don't all share the same opinions or beliefs. For example, political opponents often reach opposite conclusions from the same facts, and editorial cartoonists often exaggerate facts to make their point.

How Do You Prove Defamation?

Defamation happens when a person makes a false statement—verbally or in writing—about someone else that damages that person's reputation. Defamation laws vary from state to state, but the basic principles of defamation law are the same in every state.

A plaintiff suing for defamation typically must show:

  • The defendant published a statement about the plaintiff.
  • The statement was false.
  • The statement was injurious, and
  • The statement was unprivileged. .

Defenses to Defamation Lawsuits :

Defamation claims are complicated and hard to prove because defamation laws have to strike a balance between allowing people to protect their reputations and allowing the free exchange of information, ideas, and opinions.

You can defend yourself against a defamation lawsuit if the statement you made was:

  • true
  • an opinion
  • privileged  or
  • retracted.

Learn more about Defamation :

brainly.com/question/14634806

#SPJ4

5 0
2 years ago
Other questions:
  • If the first copy cost of a music video is​ $223,000 and the marginal cost is​ $0, then how many copies should the firm sell in
    14·1 answer
  • Suppose the cost to erect a tornado siren in a small town is $15,000. in addition, suppose the value of a human life is $10 mill
    9·1 answer
  • A certificate of deposit will often result in a penalty for withdrawing funds before the maturity date. If the penalty involves
    6·1 answer
  • Luthan Company uses a plantwide predetermined overhead rate of $23.40 per direct labor-hour. This predetermined rate was based o
    14·1 answer
  • As a manager, when you provide rewards or reprimand your subordinates, you are practicing transactional leadership. question 35
    5·1 answer
  • Xia Co. manufactures a single product. All raw materials used are traceable to specific units of product. Current information fo
    7·1 answer
  • Companywide objectives set by the strategic-planning group are more likely to be achieved than those set just by the ceo. (point
    15·1 answer
  • Marbry Corporation's balance sheet and income statement appear below.
    5·1 answer
  • Money or property granted to someone, but held by a third party until specific conditions have been fulfilled is called _____.
    13·1 answer
  • suppose that the publisher of this textbook sets the price of the textbook to $90, and the current resale value is $60. at this
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!