******** ** *** Company ***** 3177 ****** a **** at an ******* ***** *** chair ** **** *** ******** **** *** **** ** ***** *** company ****** *** chairs ** * **** *** *** * ***** ***** **** ** $644 *** ***** *** chairs are **** *** ****** they are restocked What *** *** total ******** ********************** ******** ***** * 3177/278*$644Total ******** costs * ************* ** *** *********** ********* *** ** ********* ******** ** **** * ******** ******** of 808 *** * *********** ******** ** 2149 *** **** **** are ** *** operating cycle? Solution:Days ********* *********** * ************* ************ ********* *********** * 365/4489Days ********* *********** = ******* ******* outstanding * *********** turnoverDays ******* outstanding * *********** ******* outstanding = ******** receivable *********** = 365/Receivable ************ ********** *********** = ************ ********** *********** * 1698Operating ***** * **** ********* *********** * **** ********** *********** *** **** ******* ******************** ***** * *** * **** *** 4517Operating ***** * **** ************** 7ABC ******* writes *** ****** a *** for ** ******* ****** ** $646 **** ***** ****** ********* ***** *** **** ** * **** In ******** *** **** ********* ******** an average ** ******* * day ** ****** that *** ********* immediately Deposited ***** are ********* ** * **** **** is *** ****** *** float? Solution:Collection ***** * * * ******* * $134521Disbursement ***** * *** x $646 * * * ********** ***** * $368220 *** ****** * $233699QUESTION ** *** ******* ***** **** ****** * **** ** ** average ***** per ***** of **** The carrying cost *** **** ** ***** *** ******* ****** *** chairs ** * **** and has * ***** ***** **** ** *** per ***** The ****** *** **** *** ****** **** *** ********* **** is *** ******** order quantity?Enter your ****** rounded off to *** ******* ****** Do *** enter ***** in *** ****** box For example ** **** ****** is ***** **** ***************** * *********** = ********************** = ************* = ************* *** *** Company sells 3531 ****** a **** ** ** ******* ***** *** ***** ** **** *** ******** **** per **** is $3042 *** ******* ****** *** chairs ** * time *** *** * ***** ***** cost ** ***** *** order The ****** are **** *** ****** **** are ********* **** *** the total ******** ********************** carrying costs = **** * *************** ******** ***** * *************** 111 ABC ******* *** * **** ***** ** **** **** ** ********* ***** ** **** **** and ** ******* ********** ****** ** * days The ******* ******** **** of goods **** ** ******* **** ** *** company’s ******* balance ** ******** *********************** cycle = Operating ***** – ******** ********** * **** *** ******** periodPayables period * *********** ****** * ************ *********** * ************ turnoverPayables ******** * ************ turnover * Cost ** ***** ************ ************ = $287825/Average *************** ******** * ***************** 121 ** of this ******* **** **** had * ledger balance ** $4923 with no outstanding ******** or ****** ***** your **** ********* 6 checks ** *** ****** ** $400 **** *** wrote * check ** the ****** ** $870 **** is *** amount ** the ********** ***** ** of *** end ** *** ************************* ***** * * x $400Collection ***** = $2400QUESTION *** ********** *********** $Jan ********* ******** ******** 24601Mar ******** 42818Apr 32470Oct ******** ******** 12167June ******** *********** *** ********* ** follows:3 ** *** ***** of ****** ***** *** next ****** 33%After * ******* ******** * months: ********* ** ***************** ** ****************** *** OnJuly **** *** ********* ****** ***** of goods *** terms of the **** were *** *** ** What is *** ********* annual **** ** ******** *** *** ****** ****** *** **** ******************** ** ****** granted * ** *** * * ********* *** **** = 365/32 * *************** *** ** **** * ************ ************* = 0030928Effective ****** **** * (1030928)^1140625 *** ********** ****** **** * 14154 *** ********** annual rate = 4154% QUESTION *** ABC Company *** ****** ***** of ******* *** cost of ***** sold of $240822 *** ******** payable ****** ** **** days **** is the ******* accounts ******* ***************************** ******* ****** * 365/Average payable ************** * 365/Average payable ***************** ******* ******** * 15164 Payables ******** * **** ** ***** ************ payables15164 = *************** **************** ******* * ****************** *** *** ******* has ****** sales ** ******* and **** ** goods sold ** $198600 The ******* ******** ********** ******* ** $73618 How **** **** on average **** it **** the **** ** collect *** ******** *********** ****** 365 *************************** ******** = **** ** ***** *************** balance Receivable ******** * $198600/$73618 Receivable ******** * 269771 Days ** ********** * **************** ** ********** = ***** **************** *** ABC ******* ***** **** ****** * **** ** an ******* ***** *** ***** ** **** *** carrying **** per unit is $3571 The company orders *** ****** ** * **** *** *** * fixed ***** **** ** **** *** ***** The chairs *** **** *** ****** **** *** restocked How **** orders **** company ***** ** it follows the ******** order ******** model? Solution:EOQ * *********** * *********************** = ************ = ******************* *** *** ******* has ** ******* ********** ****** of ** **** *** ******* *** ** *** receivables *********** ** * ** ******* discount ****** all accounts are ********* ** **** **** is *** firm’s ********* **** of ******************************* *** ** **** = 0017/(1 *** ***** * ************* ** ******* per **** * ************ ** periods *** **** * **************** annual rate = 1017294/8690476Effective ****** **** * *************** *** ******* *** ******** ******* (A/P) ****** ***** on the ********* ******************* *** ******* * $48402Annual **** ** ***** **** = ************* *** days Solution: Average payable ******** = ****** **** ** goods ***** ******* A/P **************** payable turnover * ********************* ******* ******** * 257 Accounts ******* ****** * *********** ******* ****************** ******* period * ***************** ******* ****** * ***** ************** *** ********** $MonthSales $Jan ********* ******** 19467Aug ******** ******** 18907Apr ******** ******** 18907Nov ********* ******** ********* ***** are collected as ********* ** *** ***** of ****** 28%In the **** ****** ******** 2 ******* ******* 3 ******* ********* is ********** ********* *** cash ********** for *********************** ********** for November * 28%*19467 * ********* + ******** + *************** ********** *** ******** = $3359833 QUESTION *** *** ***** of the **** **** *** net 35 **** is *** effective ****** **** ** ****************************** for ** **** * ****** – 001) = ************* of periods *** **** = **************** ** ******* per **** = **************** annual **** * ************************ ****** **** * ****************** *** MonthSales *********** **** ********* ******** ******** ******** ******** ******** ******** 43708May ******** ********* 18704Dec ********* ***** *** ********* ** ********* In *** ***** of ****** 31%In *** **** ****** ******** * months: 7%Remainder ** ********** as bad **** *** is *** collected5 ********* *** **** collection for ******************* collection for June = 31%*18704 + 31%*12479 + ************** collection *** November * ********* ****** ******** *** ** ** **** ******* your **** *** a ledger ******* ** ***** **** ** *********** ******** ** ****** ***** **** **** ********* * ****** ** *** ****** of **** **** *** ***** * checks ** *** ****** of $981 What ** *** ****** of *** ************ float ** ** *** *** ** *** day? Solution: Disbursement ***** * 4 * ****************** float = ****** ****** ******** *** ******* *** **** cycle ***** ** the ********* ******************* Collection Period = ********** Payable ****** * ********* *** ** Inventory = 37 Solution: Cash cycle * ******* ********** ****** * ******* inventory *** ******* ******* ************ cycle * 38 + ** *** ******** cycle = 45 ***** points ******** 261 ********** $MonthSales **** 24296July ******** ******** ******** ******** 24296Apr ******** ******** ******** ********* 40812Dec ********* The company has ********* ******** ** follows:General *** ************** ********* $3702Material ********* *** ** percent of ***** ******** ********* are **** ** *** month following *** **************** ******* *** month: ********* ******** *** ******* starting ****** $50764 ********* *** **** ******** *** ***************** ******** * ******* *** ************** ******** + Rent ******** * Interest ******* * ******** purchasedCash ******** = ***** + $5076*4 * ***** + ************** outflows * ********* ****** QUESTION *** ABC Corporation ********* has an ********* turnover of *** * ******** turnover ** 1614 *** * *********** ******** ** **** How **** **** *** in *** cash *********************** ********* *********** * ************* turnoverDays inventory *********** * *********** ********* *********** * 6472Days payable outstanding * *********** ************ ******* *********** = ************ ******* *********** * ******** ********** *********** * ************** turnoverDays ********** *********** = ************ ********** outstanding * ************* cycle = **** ********* *********** * **** ********** *********** *** Days ******* ******************** ***** * 6472 * **** *** 2261Operating cycle * **** ******

Click here to download attached files:
ANSWER (58).docx