Kahane co has an inventory conversion period of 5175 days

Assignment Help Accounting Basics
Reference no: EM13599687

Kahane co has an inventory conversion period of 51.75 days, an average collection period of 41.50 days and a payable deferral period of 27.50 days. kahane's cash conversion cycle is calculated as 65.75 days. A review of kahane's balance sheet indicates that it has accounts receivable of $77,129. if kahane co's COGS is 80% of annual sales, what is the firm's inventory turnover?

Reference no: EM13599687

Questions Cloud

Julie has just retired her companys retirement program has : julie has just retired. her companys retirement program has 2 options for how her benefits can be recieved. option 1
Evaluate mamprs approach to linking compensation to : compensation tied to balanced scorecard degree of difficulty of target achievement in the mid-1990s mobile corporations
Stewart corporation plans to grow by offering a sound : use the information below to answer the following questions.stewart corporation plans to grow by offering a sound
If they do not use the loan proceeds to substantially : on january 1 of year 1 arthur and aretha franklin purchased a home for 1.40 million by paying 230000 down and borrowing
Kahane co has an inventory conversion period of 5175 days : kahane co has an inventory conversion period of 51.75 days an average collection period of 41.50 days and a payable
Analyze wwwebs current policy on how the three divisions : wwweb marketing is a decentralized firm specializing in designing and operating internet marketing web sites. the firm
Heithoff company makes two products and is implementing an : heithoff company makes two products and is implementing an activity based costing abc system. previously all overhead
Silver ltd leased a processing plant to emerald ltd the : on 1 july 2009 silver ltd leased a processing plant to emerald ltd. the plant was purchased by silver ltd on 1 july
Raylight products planned to use 1 yard of plastic per unit : raylight products planned to use 1 yard of plastic per unit budgeted at 81 a yard. however the plastic actually cost 80

Reviews

Write a Review

Accounting Basics Questions & Answers

  Jasper company has 30000 shares of 80 par value 5

jasper company has 30000 shares of 80 par value 5 cumulative preferred stock and 140000 shares of 20 par value common

  Prepare journal entries for land

Land was given to the company by the State of Florida to use as a manufacturing facility site. The market value of the land at the time of the donation was $102,000. Prepare journal entries for Overland Company to record the above transactions

  Sample of accounts payable for confirmation

Select a sample of accounts payable for confirmation, emphasizing vendors with a large balance and those that the client transacts with frequently, but include several with small and zero balances.

  Ias overarching ethical principles include honesty

imas overarching ethical principles include honesty fairnessobjectivity and responsibility. what is the ethical

  Actual flow of goods for most businesses

Which inventory valuation method assigns a value to the inventory on the balance sheet that approximates current cost and also mimics the actual flow of goods for most businesses?

  You work as an accountant for a small land development

you work as an accountant for a small land development company that desperately needs additional financing to continue

  Provide the investors

Bates Inc. pays a dividend of $1 and is currently selling for $32.50. If investors required a 12 percent return on their investment from buying Bates stock, what growth rate would Bates Inc. have to provide the investors?

  Prepare a journal entry to record the disposal

on April 1, 2010, a company disposed of equipment for $14,200 cash that had cost $35,000 on January 1, 2006. The equipment had a salvage value of $5,000, and a useful life 10 years.

  Baxwell industries vice president of manufacturing

Baxwell Industries vice president of manufacturing receives a bonus

  What would be your inventory procedures

You can bullet point your procedure for count and value-answer does not have to be a very long answer but well thought out.

  A building was purchased for 50000 the asset has an

a building was purchased for 50000. the asset has an expected useful life of 6 years and depreciation expense each year

  Determining bonds and interest expense

The issuance price of a bond does not depend on the-Which of the following is true of a premium on bonds payable?

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