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
Mashcka [7]
3 years ago
14

Kurt's entertainment has a receivables turnover rate of 14.8, a payables turnover rate of 10.4 and an inventory turnover rate of

22.6. what is the length of the firm's operating cycle?
Business
1 answer:
ruslelena [56]3 years ago
3 0

The firm’s operating cycle is equivalent to the sum of the total number of days of a cycle of the receivables turnover and the inventory turnover.

Receivables turnover = 365 days / 14.8 = 24.66 days

Inventory turnover = 365 days / 22.6 = 16.15 days

Operating cycle = 24.66 days + 16.15 days = 40.81 days

<span>Answer: 40.81 days</span>

You might be interested in
Based upon the following data, what is the cost of the land? Land purchase price $196,981 Broker's commission 18,718 Payment for
dexar [7]

Answer:

$219,084

Explanation:

The cost of the land to be recorded includes the purchase price of the land as well as other cost incurred in the process of making the land available for use.

Any amount received as a result of this purchase in form of rebates and discounts will be deducted from the cost.

Hence the cost of the land

= $196,981 + $18,718 + $3,885 - $500

= $219,084

8 0
3 years ago
Which of the following is TRUE?​ a. ​All of the above b. ​Attending and listening are the ways in which you communicate empathy.
AysviL [449]

Answer:

a. All of the above

Explanation:

Attending refers to being present or being available for someone. Listening refers to patiently hearing the client and their issues.

Attending and listening are the ways which depict the trait of empathy, which refers to sympathizing with understanding and trying to experience others feelings.

At the same time, attending and listening activates many areas of brain which aids in effective communication and better comprehension.

Also, such traits serve as a basis for conducive working alliance between counselor and the client.

3 0
3 years ago
Suppose that there are three beachfront parcels of land available for sale in Asilomar and six people who would each like to pur
poizon [28]

Answer:

When the minimum price is 582,500, the forth parcel WILL not be sold because the willingness to pay is LESS and no one will purchase it from the seller for atleast the minimum price.

Explanation:

Bob 620,000

Sean 750,000

Yvette 660,000

The people that will buy one of the three beachfront parcels are Bob, Sean and Yvette because they are the ones willing and has the ability to purchase the beachfront parcel of land available for sale in Asilomar.

Cho, Eric and Gianny may as well have the desire to own the beachfront land in Asilomar, but they do not have the ability to pay the selling price.

Therefore when the minimum price is 582,500, the forth parcel WILL not be sold because the willingness to pay is LESS and no one will purchase it from the seller for atleast the minimum price.

3 0
3 years ago
Jackson Corp. (a U.S.-based company) sold parts to a Korean customer on December 16, 2021, with payment of 20 million Korean won
Stolb23 [73]

Answer:

The correct option is (b)

Explanation:

According to the scenario, the foreign currency that original sold at the market is shown below:

= (Forward rate to Jan 15 - Spot rate) × paymen made

= ($0.00089 - $0.00082 ) × 20 million

= $0.00007 × 20,000,000

= $1,400 premium

hence, the foreign currency that originally sold at the market is $1,400 premium

Therefore the correct option is (b)

5 0
3 years ago
Dan Dayle started a business by issuing an $80,000 face value note to First State Bank on January 1, 2018. The note had an 8 per
slavikrds [6]

Answer:

Explanation:

The interest expense would be

= Borrowing amount × annual rate of interest

= $80,000 × 8%

= $6,400

And, the principal would be

= Annual payment - interest expense

= $20,037 - $6,400

= $13,637

The principal balance on January 1, 2019 would be

= Borrowed amount - principal repaid amount

= $80,000 - $13,637

= $66,363

The interest expense would be

= Borrowing amount of 2019 × annual rate of interest

= $66,363 × 8%

= $5,309

And, the principal would be

= Annual payment - interest expense

= $20,037 - $5,309

= $14,728

3 0
3 years ago
Other questions:
  • g Donald’s employer fires Donald after only four months on the job, a clear breach of Donald’s written twelve-month employment c
    15·1 answer
  • Ramon, a single taxpayer with no dependents, has adjusted gross income for 2019 of $98,000 and his itemized deductions total $19
    7·1 answer
  • What are two kinds of open-ended credit?
    5·1 answer
  • Based on what you have learned in the lesson and the assignment, write two or three sentences describing how short-term and long
    9·2 answers
  • Todrick Company is a merchandiser that reported the following information based on 1,000 units sold: Sales $ 345,000 Beginning m
    6·1 answer
  • Suppose a hypothetical economy is currently in a situation of deficient aggregate demand of $64 billion. Four economists agree t
    5·1 answer
  • Your company has established a hurdle rate, or cost of capital of 15% for new investment projects. You have just analyzed a new
    6·1 answer
  • The three major types of economic systems are ________.
    14·1 answer
  • Which of the following best explains why buying a single-family home in a city
    10·1 answer
  • The last item on the statement of cash flows prior to the schedule of noncash investing and financing activities reports a.the n
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!