Calculate the number of days in the new cash cycle

Assignment Help Accounting Basics
Reference no: EM132480375

Question - ABC Company currently has a cash cycle of 254 days. The company went through a management change. The new management has changed the working capital policies for the company. The new policies will decrease the inventory period by 33 days, decrease the accounts receivable period by 40 days, and increase the accounts payable period by 16 days.

Calculate the number of days in the new cash cycle after the above changes become effective? That is, what is the new cash cycle?

Reference no: EM132480375

Questions Cloud

Find the total materials variance : In the month of April, the company actually produced 5,200 sleeping bags using 27,300 yards of material at cost of $5.50 per yard. Find total materials variance
What does complete inscription in jackcigarette case say : What is the country address Jack gives to Gwendolen? Where does Algernon sneakily copy the address? How does Jack plan to get rid of his "brother" Ernest?
Determine for Adelphi Company the Cost of Goods Sold : Adelphi Company uses absorption costing. Use this information to determine for Adelphi Company the FY 2018 Cost of Goods Sold
What types of technology implementation challenges : To obtain the necessary transportation capabilities in a short timeframe, what type of software purchase option should myIoT pursue? Explain.
Calculate the number of days in the new cash cycle : Calculate the number of days in the new cash cycle after the above changes become effective? That is, what is the new cash cycle
Shaping people reactions to deviant behavior : What role of race and gender in shaping people's reactions to deviant behavior, and what these responses tell us about how we perceive deviant behavior?
ENG790S2 Energy Systems Assignment : ENG790S2 Energy Systems Assignment help and solution, University of Portsmouth - assessment writing service - Demonstrate principle of solar energy collection
Greatest challenge to reducing inequities in health care : From a sociological point of view, what might be the greatest challenge to reducing inequities in health care
What is companys WACC : The annual yield on the company's debt is 8% and the required rate of return on the stock is 13.6%. What is company's WACC? Assume the tax rate is 30%

Reviews

Write a Review

Accounting Basics Questions & Answers

  You are considering a project with an initial cost of 7500

you are considering a project with an initial cost of 7500. what is the payback period for this project if the cash

  What are the reporting responsibilities of the auditee

Research reporting responsibilities, especially the Office of Management and Budget (OMB) Circular A-133.

  Which of the entities taxable income is included in parents

Which of these entities' taxable income is included in parents current-year form 1120, U. S. income tax return?

  Compute the current ratio

appropriately to one decimal place and show any formulas and math used. Compute the current ratio

  Genentech reported net income in 2001 equals

In 2001, Genentech had 535.3 million average common shares outstanding, actual shares outstanding at year-end of 528.3 million and reported earnings per share of $.28. Genentech's reported net income in 2001 equals

  On january 2 20x1 bruce greene invested 10000 in the stock

on january 2 20x1 bruce greene invested 10000 in the stock market and purchased 500 shares of heartland development

  Kelley company and mason company each have sales of 200000

kelley company and mason company each have sales of 200000 and costs of 140000. kelley companys costs consist of 40000

  Schedule variance for the project

Note the discrepancy of earned value figures when using the 50-50 Rule and 0-100 Rule. Why is there a discrepancy? Which Rule should we use? Explain your rationale. Using the 50-50 Rule earned value computation, what is schedule variance for the pr..

  Compute the following compound amounts and compound

compute the following compound amounts and compound interest.principal rate compounded yearsa. 1400 6 monthly 5b. 2500

  Interpret the companys quick ratio

Compute the quick ratio for December 31, 2012 and 2011 and interpret the company's quick ratio

  What macrs convention applies to the new car

On May 15, 2015, Leo purchased and placed in service a new car that cost $27,000. What MACRS convention applies to the new car

  Prepare the company trial balance

Prepare the company's trial balance as of June 30, 2012, listing accounts in proper sequence, as illustrated in the chapter

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