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3 years ago

What is a question that should be asked about accounts payable when forecasting?

Business

1 answer:

charle [14.2K]3 years ago

3 0

Answer:

In forecasting accounts payable, one of the relevant questions is:

What is the cash conversion cycle?

Explanation:

The variables used in computing the cash conversion cycle include accounts receivable days, inventory turnover days, and accounts payable days. Specifically, cash conversion cycle (CCC) is the period in days that it takes the firm to convert cash into inventory, then into sales, and finally back into cash. To gain a good understanding of accounts payable, one should always consider the major inclusive metric.

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Margot has fallen in love with a three-bedroom, 2,500-square-foot property in her friend’s neighborhood. It’s listed for $400,00

fenix001 [56]

Answer:

subsititution

Explanation:

Since in the situation it is mentioned that margot has fallen with 3 set bedroom i.e. 2500 square foot and its amount is $400,000. Now there is another three set bedroom of 2,400 square foot and its amount is $350,000 so here two options are given and according to the price he opted for the second property

So out of two choices he should opt for one that means it is a subsititution economic principle

5 0

3 years ago

An internal control system consists of all policies and procedures used to protect assets, ensure reliable accounting, promote e

GenaCL600 [577]

Answer:

Explanation:

1. True

Separation of record keeping for assets from custody over assets in custody over assets reduces theft and fraud . except in a case of collusion.

Fraud and theft of assets can be easily perpetrated and covered up when an individual combines the role.

2. False

Internal control focuses more on the internal operation of an organization rather than the external. Even though it can still be of impact in checking the excesses of external parties like the government agencies , but that is not its primary objective

3.True

Internal control's main objectives can be best accomplished when there is an operational system with managerial policies that protect waste , fraud and theft , being the major factors targeted to control

4.False

Separating the responsibility for a transaction between two or more individuals or departments is a major way of preventing creation of fictitious invoices and payment as it could have easily be detected if different individuals are involved in approval and payment of invoices.

7 0

3 years ago

You have just won the state lottery and have two choices for collecting your winnings. You can collect $100,000 today or receive

WINSTONCH [101]

Answer:

The present value Option 1 = $100,000

The present value Option 2 =$97.368,57‬

Explanation:

The formula to calculate Present Values is equal to:

Present Value = FV / (1+r) ∧n

Let´s calculate Present Value for Option 2:

PV1 = $20,000 / (1+0,10) ∧ 1= $18,181.82

PV2 = $20,000 / (1+0,10) ∧ 2= $16,528.92

PV3 = $20,000 / (1+0,10) ∧ 3= $15,026.29

PV4 = $20,000 / (1+0,10) ∧ 4= $13,660.26

PV5 = $20,000 / (1+0,10) ∧ 5= $12,418.42

PV6 = $20,000 / (1+0,10) ∧ 6= $11,289.47

PV7 = $20,000 / (1+0,10) ∧ 7= $10,263.16

PV1 + PV2 +PV3 +PV4 + PV5 + PV6 + PV7 = $97.368,57‬

3 0

3 years ago

pharoah company purchased 200 of the 1000 outstanding shares of sheridan company's common stock for $520000 on january 2, 2021

Anni [7]

The equity investment ( sheridan )account on December 31, 2021 is $5,20,000

As per the fair value technique, equity Investments must be stated at the fair value of the funding at the date of reporting. In this situation there is no fair value, therefore fairness Investments ought to be mentioned at buy charge.

A fair fee is an anticipated charge at which an asset is offered or offered when both the client and seller freely agree on a fee. People and corporations may additionally compare modern-day marketplace value, growth ability, and replacement value to determine the fair price of an asset.

An equity investment is a cash that is invested in an organization by means of buying shares of that organization within the stock market. those shares are generally traded on a stock exchange.

Learn more about fair value here brainly.com/question/16788537

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6 0

1 year ago

Exercise 2-6 Analyzing account entries and balances LO A1 Use the information in each of the following separate cases to calcula

VARVARA [1.3K]

Answer:

a) Corentine Co.

Cash paid to suppliers:

Beginning balance, September 30 $152,000

Purchases $281,000

Ending balance, October 31 $132,500

Cash paid $300,500

b) Valerian Co.

Sales to customers on account:

Ending balance, October 31 $89,000

Cash collected $102,890

Beginning balance, September 30 $102,500

Sales $89,390

c) Alameda Company

Cash balance on September 30:

Cash disbursements $103,150

Balance, October 31 $18,600

Cash receipts $102,500

Balance, Sept. 30 $19,200

Explanation:

The unknown amount for each case is the difference between the opening balance, the transactions for the month of October and closing balance.

5 0

2 years ago