A ___ warranty promises replacement or refund for defective products.

Consider the following financial statement information for the Hop Corporation:

EastWind [94]

Answer: Operating cycle = 84.70 days

Cash cycle = 41 days

Explanation:

Beginning inventory = $11,100

Ending Inventory = $12,100

Average inventory = ($11100 + $12100)/2 = 11600

Average Accounts receivable = (6,100 + 6,400)/2 = 6250

Average Accounts payable = (8,300 + 8,700)/2 = 8500

Day sales in inventory = Average inventory × 365 / Cost of goods sold

= 11600 × 365 / 71000 = 59.63 days

Average collection period = Average receivable × 365 / Credit sales

= 6250 × 365 /91000 = 25.07 days

Average payment period = 43.70 days

Therefore, operating cycle will be:

= Day sales in inventory + Average collection period

= 59.63 days + 25.07 days

= 84.70 days

Cash cycle = Operating cycle - Average payment period

= 84.70 - 43.70

= 41 days

7 0

3 years ago

Jonathan works for a firm that assists companies in promoting, distributing, and selling their products to end consumers. The fi

irina1246 [14]

Answer:

The answer is marketing intermediary

Explanation:

Jonathan works for a firm that assists companies in promoting, distributing, and selling their products to end consumers. The firm Jonathan works for is a marketing intermediary.

A marketing intermediary links producers to the final consumers. Examples are agents, wholesalers, retailers, distributors etc.

Most producers do not directly sell to their final consumers. These intermediaries help them to achieve their goals

7 0

3 years ago

How did the new world discovery build an interdependent global economic system? what were the distinctive roles played by europe

Anna35 [415]

New world discovery build an interdependent global economic system where each continent relied on the others to thrive. Role of Europe was to supply markets, capital, technology, Africa was to supply labor and America supplied raw materials (like metal and soil for sugar cane)

More about interdependent economic system:

Economic interdependence refers to the mutual reliance of those involved in an economic system who trade in order to receive the goods they are unable to create effectively on their own.

Such trading connections demand that a participant's actions have an impact on its trading partners, and it would be expensive to end the relationship.

Learn more about interdependent economic here:

brainly.com/question/4745456

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7 0

1 year ago

The Fish House is expected to pay annual dividends of $1.23 and $1.25 at the end of the next two years, respectively. After that

lorasvet [3.4K]

Answer:

c. $8.05

Explanation:

Calculation to determine What is the value of this stock at a required return of 16.4 percent

First step is to calculate the P2

P2 = ($1.35/.164)

P2= $8.23

Now let calculate the value of the stock

P0 = [$1.23 /1.164] + [($1.25 + 8.23)/1.164^2]

P0 = $8.05

Therefore the value of this stock at a required return of 16.4 percent is $8.05

4 0

3 years ago

In the circular flow model, the expenditures on goods and services flow in the

Mnenie [13.5K]

The answer is opposite direction as <span>goods and services.
In the circular flow model, the expenditures on goods and services will be paid by the households to the producers/
The direction of goods and services (products) on the other hand, will be given by the producers to the households.

</span>

4 0

3 years ago