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1. Pretty Lady Cosmetic Products has an average production process time of forty days. Finished goods are kept on hand for an average of fifteen days before they are sold. Accounts receivable are outstand- ing an average of thirty-five days, and the firm receives forty days of credit on its purchases from suppliers.
a.Estimate the average length of the firm's short-term operat- ing cycle. How often would the cycle turn over in a year?
b. Assume net sales of $1,200,000 and cost of goods sold of $900,000. Determine the average investment in accounts receivable, inventories, and accounts payable. What would be the net financing need considering only these three accounts?
2. A supplier is offering your firm a cash discount of 2 percent if purchases are paid for within ten days; otherwise the bill is due at the end of sixty days. Would you recommend borrowing from a bank at an 18 percent annual interest rate to take advantage of the cash discount offer? Explain your answer.
A local science museum normally sells tickets to its museum for $5 each. The daily maximum capacity of the museum is 1,000 visitors. At the maximum capacity, fixed costs are $2 per visitor and variable costs are $1.50 per visitor. A local school grou..
Prepare necessary ledger accounts in the books of both thep arties .also show how the consignment stock will appear in the balance sheet.
toleman biochemicals decided to offer shares to the public for the first time on january 1stnbsp2007. toleman were
Record the following transactions in the general journal - Prepare a trial balance for the month ended March 31, 2007
Martin received $120,000 in salary from Red Steel Corporation, where he is a construction engineer. Withholding for Federal income tax was $10,750. Martin and Michele received $800 in qualified dividends on Green, Inc. stock and $400 interest on Mont..
Co A produced and sold 80,000 units during January. It incurred the following costs. HOW MANY UNITS SHOULD BE PRODUCED AND SOLD TO EARN A PROFIT OF $1.2MILLION?
Recognize which of these expenses are deductible and the amount that is deductible. Show whether they are deductible for or from AGI.
Mr. Green and Mr. Brown form a corporation to carry on a new business. Find out the basis of each property in the hands of the corporation.
Management is considering preparing a break even analysis. It's fixed costs are $100,000 and variable costs per unit are $10.00. They are considering production levels of 50,000 units and 100,000 units. For both levels of production, calculate per un..
question1 the project is based upon you finishing the bellwether garden supply bgs. this project will need to you to
yancys personal residence is condemned as part of an urban renewal project. his adjusted basis for the residence is
Don't erase your work and leave a blank problem. If you start working, and find you are out of your depth, go on to another problem, but don't erase the work you put into that problem.
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