Skylark Industries has P6,000,000 in inventory and P3,000,000 in accounts receivable. The company has an average daily sales of P100,000. The company's payables deferral period is 30 days. Compute for the cash conversion cycle. O 100 days O 60 days O 50 days

Q: Zane Corporation has an inventory conversion period of 48 days, an average collection period of 33…

A: It is given thatInventory conversion period is 48 days.Average collection period is 33 days.Payables…

Q: Ives Corp. has an Inventory period of 21.6 days, an accounts payable period of 34.1 days, and an…

A: Given: Inventory period = 21.6 days Accounts payable period = 34.1 Accounts receivable days = 30.2…

Q: Kamal Co. has an average collection period (ACP) of 30 days and an operating cycle of 170 days. It…

A:

Q: Shulman Inc. has the following data, in thousands. Assuming a 365-day year, what is the firm's cash…

A: Assume 365 Days in Year Annual sales = $45,000 Annual cost of goods sold =   $30,000 Inventory =…

Q: The following projected 2022 figures were provided to you by the Marikit Company for analysis : (80%…

A: Average collection period shows the number of days required to collect the account receivable.…

Q: Nock Inc. has a Days Inventory Outstanding of 13, an Accounts Receivable $128, an Average Sales per…

A: Cash Conversion Cycle is a method used by the management and it can be calculated as follows, =Days…

Q: Yeti Televisions has the following information: Inventory Outstanding = 15 Days Accounts Receivable…

A: Cash Conversion Cycle: = Inventory outstanding in days + outstanding sales in days - outstanding…

Q: Skylark Industries has P6,000,000 in inventory and P3,000,000 in accounts receivable. The company…

A: Cash flows are the cash generated from the operation of the business organisation. In other words,…

Q: If the average age of the inventory is 90 days, the average age of accounts payable is 60 days, and…

A: Cash Flow Cycle= Days inventory outstanding + Days sales outstanding - Days payables outstanding

Q: The Geller Company has projected the following quarterly sales amounts for the coming year Q1 $690…

A: a) 45-days collection period Q1 Q2 Q3 Q4   Beginning receivables 450 345 360 390   Sales 690 720…

Q: Consider the following financial statement information for the Emma Corporation: Item Beginning $…

A: To calculate operating and cash cycle we need to identify  1.Average collection period  2.Day sales…

Q: Garrett Industries turns over its inventory six times each year; it has an average collection period…

A: Cash conversion cycle =Days of inventory outstanding (DIO) + Days sales outstanding (DSO) - Days…

Q: Garden Gate, Inc. reported the following data in its August 31 annual report. Cash and cash…

A: cash burn refers to the cash available in an organization for the given period to maintain its…

Q: Inmoo Company's average age of accounts receivable is 36 days, the average age of accounts payable…

A: Cash conversion cycle depicts the time required to convert company’s investment in inventory into…

Q: Kamal Co. has an average collection period (ACP) of 30 days and an operating cycle of 170 days. It…

A: Accounts receivable account is an asset account and it contains the amounts of debtors. Whereas the…

Q: Luke Company has an-inventory conversion period of 60 days, a receivables conversion period of 45…

A: Since you have asked multiple question, we will solve the first question for you. If you want any…

Q: ABC Corp. pays for its purchases 20 days after goods are received. On the average , goods are sold…

A: The question is related to Cash Conversion cycle. The Cash Conversion cycle is the the length of…

Q: ABC Corporation has average balances of P1,800,000 in inventory, P2,000,000 in accounts receivable,…

A: Cost of goods sold = Opening stock + Net purchases + Direct expenses - Closing stock…

Q: Bulldogs Inc. has a cash conversion cycle of 3 weeks. It has a receivable turnover of 45 and…

A: Cash Conversion Cycle & Operating Cycle Operating cycle is the time taken  to convert inventory…

Q: Al Sharif Company's Average Accounts Receivables is OMR 360,000 and total Sales is OMR 1,200,000.…

A: Credit sale=Total sale×100-Cash sale %=OMR 1,200,000×100-40%=OMR 720,000

Q: Kindly answer all the questions and use 360 days in a year in all problems. Thank you. 1. The…

A: “Since you have posted a multiple question, we will solve first question for you. To get the…

Q: Average age of accounts receivable is 36 days, the average age of accounts payable is 40 days, and…

A: Cash conversion cycle measure the required level of time to convert the investments made in…

Q: Brothers Breads has the following data. What is the firm's cash conversion cycle? Inventory…

A: Financial Management: Financial management comprises of two words i.e. Finance and management.…

Q: Inova Co. has recorded annual sales of RM25,000,000 in year 2018 with 30%  of the sales revenues is…

A: Cash conversion cycle is providing information in terms of company converting its cash into…

Q: Tokyo Corporation purchases P1,500 in raw material each month to support sales of P2,500 that occur…

A: Cash flows are the cash generated from the operation of the business organisation. In other words,…

Q: Zen Inc., has an average age of accounts receivable is 36 days, the average age of accounts payable…

A: Cash conversion cycle will measure the required time to convert the investments made in inventories…

Q: Bruton dye company has a Days Inventory Outstanding of 13, an Accounts Receivable of P128, an…

A: Cash conversion cycle: =Inventory outstanding in days + Sales outstanding in days -Payable…

Q: Frosty Corp. has a minimum cash balance of PHP 100,000 and forecasted sales of PHP 1,000,000.…

A: Accounts receivables = 5% of sales = 5% x PHP 1,000,000 = PHP 50,000

Q: Loak Corporation provides the following data for the year 2020: Cash sales 500,000; Collection from…

A: Gross sales are the revenues received by the company entity from the sale of its principal product…

Q: Company’s average age of accounts receivable is 40 days, while the average age of accounts payable…

A: Introduction:- The following formula used to calculate the length of its cash conversion cycle as…

Q: What is the cash conversion cycle for XYZ Company, based on the following information? Inventory:…

A: Cash conversion cycle refers to the time period a company takes in converting its inventory to cash.…

Q: cash conversion cycle

A: Cash conversion cycle = Age of inventory + Days sales outstanding - Accounts payable deferral period

Q: Collinsworth Co. reported sales on an accrual basis of$100,000. If accounts receivable increased…

A:

Q: Altai, Inc has a cash conversion cycle of 175 days.  The company is able to stretch its average…

A: Cash Conversion Cycle measures the duration in days that the company takes to convert its…

Q: The following information is an extract of the statement of profit or loss of Palladium Ltd for the…

A: Cash Sale=Rate×Annual Sales=20%×$625,000=$125,000 Credit Sale=Annual Sales-Cash…

Q: Average daily sales of Chase Pumping Goods are Rs. 100,000. Average accounts receivable of Chase has…

A: Cash conversion cycle is the time period that is used by the company to convert its resources into…

Q: Compute for the cash conversion cycle.

A: Cash conversion cycle refers to the time period taken a business entity in order to convert its…

Q: Nice Ltd has a Days Inventory Outstanding of 13, Accounts Receivable $128, Average Sales per Day…

A: Cash conversion cycle is a measure which was used to find the required time to needed to convert the…

Q: Top Sdn Bhd had cash of RM13,000 on hand together with trade debtors outstanding balance of RM55,000…

A: What is meant by Budgeting? It is the process of estimating the future revenues and outflows on the…

Q: Use the information below to compute the number of days in the cash conversion cycle for Apple ($…

A: Given: The data is given as below, ccounts payable, end of year $49,049 Inventory, end of year . $…

Inventory Accounting

Inventory accounting is that branch of accounting that helps in determining the specific value of assets at different stages of production and development.