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
Pani-rosa [81]
2 years ago
5

The financial information for Pear Company is provided below: Sales $2.8 million Cost of goods sold $2.3 million Purchases $2.1

million Average receivables $0.6 million Average inventory $0.5 million Average payables $0.2 million The company's cash conversion cycle is closest to: (Choose the closest one.) Select one: A. 122 days B. 192 days C. 129 days D. 114 days
Business
1 answer:
WINSTONCH [101]2 years ago
6 0

Answer:

A. 122 days

Explanation:

The computation of the cash conversion cycle is shown below:

= DAys sales outstanding + days inventory outstanding - days payable outstanding

where

Days sales outstanding is

= 365 ÷ $2.8 ÷ $0.6

= 78.16 days

The days inventory oustandings is

= 365 ÷ $2.3 ÷ $0.5

= 79.35 days

And, the days payable outstanding is

= 365 ÷ $2.1 ÷ $0.2

= 34.76 days

Now the cash conversion cycle is

= 78.16 days + 79.35 days - 34.76 days

= 122.75 days

= 122 days

You might be interested in
Your cousin has asked you to bankroll his proposed business painting houses in the summer. He plans to operate the business for
Sonbull [250]

Answer:

the annual rate of return is 15.24%

Explanation:

The computation of the annual rate of return is shown below:

Given that

NPER = 5

PV = -$15,000

PMT = $4,500

FV = $0

The formula is shown below:

= RATE(NPER,PMT,-PV,FV,TYPE)

AFter applying the above formula, the annual rate of return is 15.24%

6 0
3 years ago
Income statement information for Einsworth Corporation follows: Sales $1,500,000 Cost of goods sold 900,000 Gross profit 600,000
Semenov [28]

Answer:

A vertical analysis income statement uses Sales as a base and makes everything else a percentage of sales.

                                            Vertical Analysis Statement

                                                     Amount                     Percentage

Sales                                       $1,500,000                         100%

Cost of Goods sold                ($900,000)                          60%

Gross Profit                               $600,000                          40%

Cost of Goods sold percentage = 900,000 / 1,500,000

= 60%

Gross Profit percentage = 600,000 / 1,500,000

= 40%

6 0
2 years ago
If the majority of service customers are satisfied, it is likely that all service customers will be satisfied.
Dafna1 [17]

 If the majority of service customers are satisfied, it is likely that all service customers will be satisfied. False

Customer service is the provision of service to customers before, during, and after purchase. This makes it an important part of the customer's value chain. Different industries require different levels of customer service [1], but ultimately, the idea of ​​a well-delivered service is to increase revenue. Awareness of a successful customer service interaction depends on employees who are “adaptive to the customer's personality”. [2] Customer service is often practiced in a way that reflects the company's strategy and values. Good customer service is usually valued by customer loyalty. Customer service is part of a company's intangible assets for some companies and can differentiate them from others in their industry. A great customer service experience can change a customer's overall perception of your company. [3]

Good customer service means consistently meeting customer expectations. Good customer service is fast, easy, personal, and caring. Companies that provide excellent customer service take the time to understand the needs of their unique customer base. J.

Learn more about service customers here

brainly.com/question/1286522

#SPJ4

7 0
2 years ago
The people or organizations that may be receptive to your sales pitch are referred to as:______.
vaieri [72.5K]

The people and/or organizations that may be receptive to a sales pitch.--

prospects

What does pitch deck means?

A pitch deck is a presentation deck that is used to pitch your idea or company to any number of audiences, generally investors. One of the single most important aspects of creating an effective pitch deck is to organize it based on the audience and forum to which it is being presented.

What's a prospect in marketing?

Marketing prospects are those contacts who might become leads – in other words, 'prospective' leads. An example is an email list. Before any action has been taken, all contacts are prospective leads. They will become leads proper when they have confirmed their interest.

What is the importance of prospect?

Prospects fit your target market, have the means to buy your product or services, and are authorized to make buying decisions. A lead is an unqualified contact, while a prospect has been vetted to fit the defined criteria. Prospect tracking is important for the sales process

Learn more about sales pitch:

brainly.com/question/16091822

#SPJ4

8 0
1 year ago
What changes the value of the dollar?
kodGreya [7K]

There are a number of factors that changes the value of the dollar; whether in favor or not.

  • The country's monetary policies
  • Demand for dollar
  • International trade
  • Economic growth
  • Inflation

<h3>What causes a change in dollars value?</h3>

The value of dollars appreciate or depreciate when;

The demand for dollar is high or low. For example, the global community usually want their investment secured with a stable currency. Some of them prefer their investments in dollars. This means that the demand for dollars increases and also it value appreciates. If people don't demand for dollars, and the country has little investors, the dollar depreciates.

Learn more about value of dollars here;

brainly.com/question/4536858

#SPJ1

6 0
1 year ago
Read 2 more answers
Other questions:
  • Janice hartley works as a writer at a fashion magazine in new york. she was recently asked by her editor to write an article on
    9·1 answer
  • Ebali Corporation, a calendar year taxpayer utilizing the completed contract method of accounting, constructed a building for Sa
    7·1 answer
  • When the price of a good rises, consumers tend to purchase less of it and buy a relatively less expensive good. This behavior cr
    13·1 answer
  • Bike St. Pete currently produces 1,000 tires per month. The following per unit data apply for sales to regular customers: Direct
    13·1 answer
  • The following production data were taken from the records of the Finishing Department for June:Inventory in process, 6-1 (30% co
    9·1 answer
  • Determine which statement about the absolute value of the price elasticity of demand is correct. The price elasticity of demand
    11·1 answer
  • Suppose the most you would be willing to pay to have a freshly washed car before going out on a date is $4.00. The smallest amou
    14·2 answers
  • One of the​ trade-offs tesla faces is between safety and the maximum range someone can drive an​ all-electric car before having
    9·1 answer
  • What is the highest expected return these bonds could​ have? At the​ time, similar maturity Treasuries had a yield of 0.89 %. Co
    10·2 answers
  • What is the present value of 4360 to be received at the beginning of each of 30 periods discounted at 5% compound interest
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!