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1351 In an organization, rules are Открыть
1352 Wage Garnishers, Inc. has sales for the year of $50,300 and cost of goods sold of $23,700. The firm carries an average inventory of $4,800 and has an average accounts payable balance of $4,400. What is the inventory period? Открыть
1353 Brown's Ferry Furniture Outlet has an accounts receivable period of 45 days and an accounts payable period of 96 days. The company turns over its inventory 2.8 times per year and marks up the inventory an average of 45 percent over its wholesale cost. What is the length of the firm's operating cycle? Открыть
1354 Michael Jackson, Inc. currently has an operating cycle of 154 days and a cash cycle of 38 days. The firm is implementing some changes that will reduce the inventory period by 16 days and decrease the receivables period by 4 days on average. The accounts payable period will be decreased by 4 days. How many days will be in the new cash cycle once all of these changes become effective? Открыть
1355 Which one of the following is most likely the fastest method of collecting cash? Открыть
1356 Which one of the following is a primary benefit of implementing zero-balance accounts into a cash management system? Открыть
1357 A firm offers credit terms of 1/5, net 25. How long is the net credit period? Открыть
1358 River City Gifts has an average collection period of 20 days and annual sales of $650,000. What is the average investment in accounts receivable as shown on the balance sheet? Открыть
1359 Electronics and More offers credit terms of 1/5, net 20. What is the effective annual rate on a $12,000 purchase if you forgo the discount? Открыть
1360 You live in the U.S. and want to invest in a Chinese company, which will be referred to as "CC," because you believe its stock is uniquely positioned to be unusually profitable over the next five years. However, you do not have direct access to the Chinese financial markets. You may be able to indirectly invest in CC by purchasing which one of the following? Открыть