If the firm pays 9% for its resource investment, by how much, if anything, could it increase its annual profit as a result of the changes in part b?ĭ. Extends the average payment period by 8 days.Ĭ. speeds the collection of accounts receivables by an average of 8 days.ģ. shortens the average age of inventory by 6 daysĢ. Calculate the firms operating cycle and cash. The firm has annual sales of 3.6 million and cost of goods sold of 2.2 million. Find the firm's cash conversion cycle and resource investment requirement if it makes the following changes simultaneouslyġ. Changing cash conversion cycle Camp Manufacturing turns over its inventory 5 times each year, has an average payment period of 34 days, and has an average collection period of 69 days. The firm’s annual sales are 8 million, and COGS is 3 million. Calculate the firm's cash conversion cycle, its daily cash operating expenditure, and the amount of resources needed to support its cash conversion cycle.ī. Changing cash conversion cycle Camp Manufacturing turns over its inventory eight times each year, has an average payment period of 35 days, and has an average collection period of 60 days. Assume there is no difference in the investment per dollar of sales in inventory, receivables, and payables and assume a 365- day yearĪ. The firm's annual sales are $3.1 million. Garrett Industries turns over its inventory 7 times each year it has an average collection period of 36 days, and an average payment period of 31 days. If you have any issues with Google Translate, please visit. If you have any questions about Google Translate, please visit the Google Translate website. If any questions arise related to the accuracy of the information contained in these translations, please refer to the English version of the website. Some content (such as images, videos, Flash, etc.) may not be accurately translated due to the limitations of the translation software.Īny discrepancies or differences created in translating this content from English into another language are not binding and have no legal effect for compliance, enforcement, or any other purpose. These translations are provided as a service to users of the VITA website, and are provided "as is." No warranty of any kind, either expressed or implied, is made as to the accuracy, reliability, or correctness of any of these translations made from English into any other language. For these translations, reasonable efforts have been made to provide an accurate translation, however, no automated translation is perfect nor is it intended to replace human translators. The Virginia Information Technologies Agency (VITA) website is providing the “Google Translate” option to assist you in reading the website in languages other than English. This is why translation accuracy will vary across languages. The firm has annual sales of 3.0 million and cost of goods sold of 2.2 million. The more human-translated documents that Google Translate can analyze in a specific language, the better the translation quality will be. Changing cash conversion cycle Camp Manufacturing turns over its inventory 5 times each year, has an average payment period of 30 days, and has an average collection period of 54 days. The components of the cycle should be considered. Since the translations are generated by machines, not all translation will be perfect. VIDEO ANSWER: The effect of proposed policies on the cash conversion cycle is calculated. This process of seeking patterns in large amounts of text is called “statistical machine translation”. By detecting patterns in documents that have already been translated by human translators, Google Translate can make intelligent guesses as to what an appropriate translation should be. Google Translate is a third-party service provided by Google that performs all translations directly and dynamically.
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