What is the firm accounts payable

Assignment Help Finance Basics
Reference no: EM13268162

Joanna Handicrafts, Inc., has net sales of $4.47 million with 50 percent being credit sales. Its cost of goods sold is $2.68 million. The firm's cash conversion cycle is 36.6 days, and its operating cycle is 96.5 days. What is the firm's accounts payable? (Round intermediate calculations to 1 decimal place, e.g. 25.1 and final answer to nearest whole dollar, e.g. 5,275.)

Reference no: EM13268162

Questions Cloud

Find the total cost to the firm of issuing the securities : The firm's stock price increased 17.5 percent on the first day. What was the total cost to the firm of issuing the securities?
How much heat is transferred from the water to cool it : A bottle containing 2 kg of water at a temperature of 15°C is placed in a refrigerator where the temperature is kept at 4°C.
State what pressure range would you probably want to operate : It is desired that the extent of disruption be >= 0.9. Plot how the number of passes varies with operating pressure over the pressure range of 50-125 MPa. What pressure range would you probably want to operate in
Find the electron and hole current flowing for each effect : Describe and explain drift current and diffusion current in a PN junction in thermal equilibrium. What causes each. In which directions are the electrons, holes, electron current, and hole current flowing for each effect
What is the firm accounts payable : Joanna Handicrafts, Inc., has net sales of $4.47 million with 50 percent being credit sales. Its cost of goods sold is $2.68 million. The firm's cash conversion cycle is 36.6 days, and its operating cycle is 96.5 days. What is the firm's accounts ..
Determine the speed of the car-coal system : A mine car (mass=490 kg) rolls at a speed of 0.50 m/s on a horizontal track, as the drawing shows. Determine the speed of the car-coal system
What is the operating cycle at telecraft : Telecraft Enterprises carries 46 days of inventory in its stores. Last year Telecraft reported net sales of $1,401,100 and had receivables of $303,600 at the end of the year. What is the operating cycle at Telecraft ?
Calculate what is the phase current of the load : A balanced Y-connected power system is known to have Van=100
Determine what is the total power drawn by the load : Two watt-meters connected to read the total power drawn by a balanced three-phase load. If the two readings are 1000 W and -1000 W, what is the total power drawn by the load

Reviews

Write a Review

Finance Basics Questions & Answers

  Computation of the forward contract at given risk free rate

Computation of the forward contract at given risk free rate and calculate the price of a 9-monht forward contract on a barrel of oil

  Capital structure for goodyear-campbell soup

Describe your recommendations for each of these three companies. Consider the nature of their business, the riskiness of company, and advantages and disadvantages of debt over equity financing in your answers.

  Computing price of at-the-money european put on futures

An at-the-money European call on the futures sells for= $5.50. Determine the price of at-the-money European put on the futures? Suppose both the call and put have the same maturity.

  Investment to make contributions to employer-s fund

If John suppose his investments would earn 8% annually, and his life expectancy is 80 years, must he invest in his own plan or must he make contributions to his employer's fund?

  Compute the forward discount or premium

Evaluate the forward discount or premium for the Mexican peso whose 90-day forward rate is $.102 and spot rate is $.10. State whether your answer is a discount or premium.

  Determine the better option for investor

If a manager receives part of their salary based on how the portfolios they manage are performing then the manager would want to see his or her portfolio have a high return. Determine the better option for investor.

  Find the market value of assets

Beckman Engineering and Associates has 25 million shares outstanding. Shares are trading at $8. Beckman Engineering and Associates management plans to raise $60 million to by issuing debt to repurchase shares.

  Computation of number of units to be sold to cover target

Computation of number of units to be sold to cover target dollar amount and How many tickets the Mavericks have to sell to pay for the entire Mavericks team

  Compute the value of stock

Brushy Mountain Mining Corporation's ore reserves are being depleted, so its sales are falling. Also, its pit is getting deeper each year, so its costs are increasing.

  Concepts of depreciation and amortization

Your friend Lucy slept by a class in which her professor explained the concepts of depreciation and amortization. Use Library's Accounting links or dictionary sources and the Internet to learn about these concepts.

  What is the profit or loss associated with cooper

Gold sells for $325 per ounce and copper sells for $0.85 per pound. Allocate the joint costs using relative weight. With these costs, what is the profit or loss associated with Cooper?

  System disappear facing the challenge of the internet?

Will independent agency system disappear facing the challenge of the internet?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd