What is the length of the firm cash conversion cycle

Assignment Help Accounting Basics
Reference no: EM13129703

Luke Company has an inventory conversion period of 60 days a receivables conversion period of 45 days, and a payments cycle of 30 days. What is the length of the firm's cash conversion cycle?

Reference no: EM13129703

Questions Cloud

Volume of solid of revolution : Find the volume of a solid that is generated by rotating the region formed by the graphs of y=x^2, y= 2, and x = 0 about the y-axis?
What are the major objectives of financial reporting : Identify the major users of financial reporting and the types of information each will use.
Integrals-finding work done : A 100 ft length of steel chain weighing 15 lb/ft is hanging from the top of a tall building. How much work is done in pulling all of the chain to the top of the building?
Explain how much of the gain must the corporation include : Explain how much of the gain must the corporation include in ordinary income as depreciation recapture
What is the length of the firm cash conversion cycle : Luke Company has an inventory conversion period of 60 days a receivables conversion period of 45 days, and a payments cycle of 30 days. What is the length of the firm's cash conversion cycle?
Find out the basis of each property in the hands : 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.
Basics of perpetual inventory system : You are at a company picnic and the company president starts a conversation with you. The president says, "Since we use the perpetual inventory system, there is no reason to take a physical count of our inventory." What is your response to the pre..
Prepare the entry to record the gross profit realized : Creations Company provided the following financial information for its installment sales for the current year.
Integral for positive sense of circle : Compute the integral of xdz (|z|=r) for the positive sense of the circle in two ways first by using parametrization and second by observing that x=(1/2)(z+z conjugate)=(1/2)(z+r^2/z) on the circle.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Roi and residual income-new product line

Compute the East Division's ROI for last year; also compute the ROI as it would appear if the new product line is added and compute the East Division's residual income for last year; also compute the residual income as it would appear if the new pro..

  Court tax case

During the current year, Danny - a calendar-year taxpayer - acquired and placed in service the following business assets:

  Determining trasfer price

Better home products Canadian operations are organized into two divisions: west and east. west division sells a component that could be used by east division in making one of the company's principal products.

  Journal entry of short-term investment

The following transactions were made by Waite Company. Assume all investments are short-term and are readily marketable. Journalize the transactions.

  Purchase contracts

A company entered into the following material contracts at the beginning of the year: For each of the above contracts, prepare any necessary journal entries and notes to be included in the financial statements.

  Federal estate tax system

Many states base their estate tax laws on the federal tax system. Since the end of 2004 some states have decoupled from the federal estate tax.

  Is the related lease finance or operating lease

If he sells the pubs abd then leases them back would you expect Lion Nathan to change how it accounts for the depreciation of he building?

  How current values might be determined

How do the requirements originally established by SFAS N. 157 affect the use of fair value measurement in financial statements?

  Basic function of an accounting system

The left-hand side of an account is used in recording debits, and the right hand side is used for recording credits in, Which of the following is NOT a basic function of an accounting system:

  Expenses and non-controlling interest

An enterprise that holds a variable interest in variable interest entity is required to consolidate assets, liabilities, revenues and expenses, and the non-controlling interest of that entity if:

  Preparation of classified balance sheet using given data

Preparation of classified balance sheet using given data, From the following data, prepare a classified balance sheet for Simon Company at December 31, 2006.

  Cash versus accrual method of accounting

How much revenue will Drysdale recognize under the cash method and under the accrual basis? Describe how Drysdale should apply the matching principle to recognize expenses. Prepare an income statement according to the accrual method. Ignore income ta..

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