The companys cash flow cycle extends up to 50 days. Receivables age is for 20...
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Accounting
- The companys cash flow cycle extends up to 50 days. Receivables age is for 20 days. Average age in inventory is twice as long as days receivable. For how long is the companys deferral period?
- Assume that each day a company writes and receives checks totalling P10,000. If it takes 5 days for the checks to clear and be deducted from the companys account, and only 4 days for the deposits to clear, what is the float?
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