Jawaban Problems dari Buku Financial Management Theory and Practice
A chain of appliance stores, APP corporation, purchases inventory with a net price of $500,00 each da, the company purchases the inventory under the credit terms of 2/15, net 40, APP always takes discount, but takes the full 15 days to pay bills What is the average accounts payable for APP? (answer) Average account payable = net inventory per day x days in discount period Average account payable = $500,000 x 15 = $7,500,000 Zocco Corporation has an inventory conversion period of 75 days, a receivables collection period of 38 days, and a payables deferral period of 30 days a. What is the length of the cash conversion cycle? b. If Zocco’s annual sales are $3,421,875 and all sales are on credit, what is the investment in accounts receivable? c. How many times per year does Zocco turn over its inventory? (answer) a) cash conversion cycle = inve