Homework Answers
| We have, Cash cycle = Operating cycle-Accounts payable period |
| The decrease in cash cycle = Increase in operating cycle-Change in Accounts payable period |
| Therefore, -3days = 2days-Change in Accounts payable period |
| Then, Change in Accounts payable period = 3days+2days = 5 days |
| Answer: Increase in Accounts payable period = 5 days |
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The Happy Flapjack Diner increased its operating cycle from 72 days to 74 days while the...
QUESTION 22 The Green Fildle increased its operating cycle from 139 days to 144 days while...
QUESTION 22 The Green Fildle increased its operating cycle from 139 days to 144 days while the cash cycle increased by 3 days. How have these period? Increased by 4 days B. Decreased by 10 days Increased by 2 days D. Decreased by 1 day E Decreased by 4 days
Suppose the operating cycle is 60 days, the accounts payable period is 15 days, and the...
Suppose the operating cycle is 60 days, the accounts payable period is 15 days, and the accounts receivable period 40 days. How long is the cash cycle? o 20 days o 25 days O 45 days O 75 days
Your firm currently has an operating cycle of 64 days. You are analyzing some operational changes,...
Your firm currently has an operating cycle of 64 days. You are analyzing some operational changes, which are expected to decrease the accounts receivable period by 3 days and decrease the inventory period by 2 days. The accounts payable turnover rate is expected to increase from 7 to 9 times per year. If these changes are adopted, what will your firm's new operating cycle be? Please show all work.
Bruceton Fanns currently has an operating cycle of 76.3 days. The finn is analyzing some operational...
Bruceton Fanns currently has an operating cycle of 76.3 days. The finn is analyzing some operational changes that are expected to decrease the accounts receivable period by 2.8 days and decrease the inventory period by 3.1 days. The accounts payable turnover rate is expected to increase from seven to eight times per year. If all of these changes are adopted, what will be the firm's new operating cycle? 8.7 days B) 61.3 days C) 54.9 days D) 70.4 days E)...
Bradco Supply currently has an operating cycle of 62 days. The company is analyzing some operational...
Bradco Supply currently has an operating cycle of 62 days. The company is analyzing some operational changes, which are expected to decrease the accounts receivable period by 2 days and increase the inventory period by 5 days. The accounts payable turnover rate is expected to increase from 24 to 28 times per year. If all of these changes are adopted, what will the company's new operating cycle be? Please show all correct calculations. Thank you.
Hanse, Inc., has a cash cycle of 38.5 days, an operating cycle of 62.4 days, and...
Hanse, Inc., has a cash cycle of 38.5 days, an operating cycle of 62.4 days, and an Inventory period of 24.4 days. The company reported cost of goods sold in the amount of $445,000, and credit sales were $724,000. What is the company's average balance in accounts payable and accounts receivable? (Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.) Average accounts payable Average accounts receivable
8. The company currently has an operating cycle of 76.4 days. The company is implementing some...
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Cash Conversion Cycle Negus Enterprises has an inventory conversion period of 72 days, an average collection...
Cash Conversion Cycle Negus Enterprises has an inventory conversion period of 72 days, an average collection period of 48 days, and a payables deferral period of 24 days. Assume that cost of goods sold is 80% of sales. Assume a 365-day year. Do not round intermediate calculations. a. What is the length of the firm's cash conversion cycle? Round your answer to the nearest whole number. days b. If annual sales are $4,818,000 and all sales are on credit, what...
Suppose the cash cycle is 85 days, the accounts payable period is 10 days, and the...
Suppose the cash cycle is 85 days, the accounts payable period is 10 days, and the accounts receivable period is 50 days. How long is the inventory period? O 5 days O 35 days O 45 days O 40 days
ABC Company currently has a cash cycle of 270 days. The company went through a management...
ABC Company currently has a cash cycle of 270 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 28 days, decrease the accounts receivable period by 39 days, and decrease the accounts payable period by 40 days. Calculate the number of days in the new cash cycle after the above changes become effective? That is, what is the new cash...
QUESTION 22 The Green Fildle increased its operating cycle from 139 days to 144 days while the cash cycle increased by 3 days. How have these period? Increased by 4 days B. Decreased by 10 days Increased by 2 days D. Decreased by 1 day E Decreased by 4 days
Suppose the operating cycle is 60 days, the accounts payable period is 15 days, and the accounts receivable period 40 days. How long is the cash cycle? o 20 days o 25 days O 45 days O 75 days
Hanse, Inc., has a cash cycle of 38.5 days, an operating cycle of 62.4 days, and an Inventory period of 24.4 days. The company reported cost of goods sold in the amount of $445,000, and credit sales were $724,000. What is the company's average balance in accounts payable and accounts receivable? (Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.) Average accounts payable Average accounts receivable
8. The company currently has an operating cycle of 76.4 days. The company is implementing some operational changes that are expected to increase the accounts receivable period by 2.2 days, decrease the inventory period by 5.3 days, and increase the accounts payable period by 1.5 days. What is expected to be the new operating cycle? A) 80.1 days B) 77.9 days C) 74.8 days D) 73.3 days E) 72.6 days
Cash Conversion Cycle Negus Enterprises has an inventory conversion period of 72 days, an average collection period of 48 days, and a payables deferral period of 24 days. Assume that cost of goods sold is 80% of sales. Assume a 365-day year. Do not round intermediate calculations. a. What is the length of the firm's cash conversion cycle? Round your answer to the nearest whole number. days b. If annual sales are $4,818,000 and all sales are on credit, what...
Suppose the cash cycle is 85 days, the accounts payable period is 10 days, and the accounts receivable period is 50 days. How long is the inventory period? O 5 days O 35 days O 45 days O 40 days
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