Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. best corp. usa has an inventory conversion period

Best Corp. USA has an inventory conversion period of 50 days, an average collection period...

90.2K

Verified Solution

Question

Finance

Best Corp. USA has an inventory conversion period of 50 days, an average collection period (DSO) of 35 days, and a payable deferral period of 25 days. Assume that cost of goods sold is 80% of sales.

image

1. What is the cash conversion cycle on days? 2. If annual sales are $4,380,000 and all sales are on credit, what is the company's investment in accounts receivable? 3. How many times per year does Best Corp. USA turn over its inventory

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Psychology
1.2K views

How can I narrow this topic if I am studying the phenomenon: African American women veterans...

Basic Math
1.2K views

Solve for x x^4 + 2x^3 + 2x^2 + 3x + 1 = 0

Accounting
1.2K views

Use the information below to answer questions 1-5. UNIT COSTS(based on production of 100,000 units of...

Physics
1.2K views

7 A calorimeter contains 10 g of water at 20 C The temperature falls to...

Geometry
1.2K views

In 17 18 Find the value then find the measure of each angle 17 7x...

Basic Math
1.2K views

The correlation coefficient of a set of data is 0.91. Select all of the statements...

Calculus
1.2K views

1 4 Verify by differentiation that the formula is correct 1 fln x dx x...

Calculus
1.2K views

2 Use implicit differentiation to find an equation of the tangent line to the curve...

Accounting
1.2K views

Pilar Inc. began operations in January 2016. For a portion of...

Accounting
1.2K views

El 31 de diciembre de 2018, Spearmint, Inc., emiti $450,000 del 9 por ciento, bonos...

Accounting
1.2K views

85. In 2021, California conforms to which of the following Federal tax law provisions? A....

Finance
1.2K views

At the beginning of the year, Learer Company's manager estimated total direct labor cost assuming...