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goldfiish [28.3K]
3 years ago
5

Metal Products Co. has an inventory period of 53 days, an accounts payable period of 68 days, and an accounts receivable turnove

r rate of 18. What is the length of the cash cycle?
Business
1 answer:
Rashid [163]3 years ago
8 0

Answer:

71 days

Explanation:

Length of cash cycle = days of inventory on hand + days of sales outstanding - days of payables

days of sales outstanding = number of days in the period / receivable turnover

360 / 18 = 20

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The semiannual interest payment on a $10,000, 5% bond would be
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The semi annual interest payment on a $10,000 5% bond would be $250
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Abardeen Corporation borrowed $90,000 from the bank on October 1, 2018. The note had an 8 percent annual rate of interest and ma
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Answer:

$0

Explanation:

Data provided in the question

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7 0
3 years ago
Country a has a temperate climate and can grow bananas in the spring. it produces 42,000 pounds of bananas per year per growing
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Country A would have absolute advantage because it produces the most pounds of bananas per year per growing acre.

<h3>What is Absolute advantage?</h3>

This is defined as the ability to produce more than available competitors in the market.

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8 0
2 years ago
As part of his 401(k) retirement plan at work, Ken Lowery invests 6.0 percent of his salary each month in the Capital Investment
Gnesinka [82]

Answer:

The amount of the fee is $1689.60

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8 0
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