Company average balance in accounts payable

Assignment Help Financial Management

Reference no: EM131351493

Calvani, Inc., has a cash cycle of 39.5 days, an operating cycle of 55 days, and an inventory period of 23 days. The company reported cost of goods sold in the amount of $355,000, and credit sales were $578,000. What is the company’s average balance in accounts payable and accounts receivable? (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) Average accounts payable $ Average accounts receivable $

Reference no: EM131351493

Questions Cloud

Ibm global talent management strategy : Read Boudreau's 2010 article, "IBM's Global Talent Management Strategy: The Vision of the Globally Integrated Enterprise." This article is linked in the Resources under the Required Resources heading.

Adapting to the age of globalization : Using your own employer or a business with which you are familiar for this assessment, utilize tables 3, 4, and 5 in the "Human Resource Strategy: Adapting to the Age of Globalization" article to guide your thinking and create a 3-4 page outline o..

Discuss the importance of research in field of counseling : Research is important in the field of counseling and psychology because it can help us to understand the profession, shed light on the theories and concepts, and to determine if the application of theories and concepts actually improve mental heal..

Identify the independent variable and the dependent variable : What type of relationship is proposed?- Graph the proposed relationship.- Identify the independent variable and the dependent variable in the statement of the hypothesis.

Company average balance in accounts payable : Calvani, Inc., has a cash cycle of 39.5 days, an operating cycle of 55 days, and an inventory period of 23 days. The company reported cost of goods sold in the amount of $355,000, and credit sales were $578,000. What is the company’s average balance ..

Creating a project timeline to help implement : In Phase II of the Process Improvement Project you will be creating a project timeline to help you implement the proposed solution to the problem statement defined in Phase I. As a project leader, you will need to consider several things before yo..

Different positions in future contracts on individual stocks : You own an equally weighted portfolio of 50 different stocks worth about $5,000,000. The stocks are from several different industries, and the portfolio is reasonably well diversified. Which do you think would provide you with the best overall hedge:..

Identify the independent and dependent variables : Identify the independent and dependent variables in the following descriptions of experiments:- Students watched a cartoon either alone or with others and then rated how funny they found the cartoon to be.

Establish long-term goals and objectives : Write a 1,050-word report on Apple, and address the following: Establish Long-term Goals and Objectives

User Account

All Pages