True or false? The cash collection cycle measures how quickly or slowly a business converts...
60.1K
Verified Solution
Link Copied!
Question
Accounting
True or false? The cash collection cycle measures how quickly or slowly a business converts its product sales into cash
True or false? Having large levels of inventory on hand is an indication that a business is very efficient.
Working capital is the difference between:
Total assets and total liabilities
Current assets and current liabilities
Revenue and expenses
Capital expenditures and operating cash flow
If a business has cash of $42,000, total current assets of $75,000 and total current liabilities of $22,000, how much working capital is the business using?
The collection period measures _______.
Weekly collections
The time it takes the company to pay for the goods and services they purchase
The time it takes customers to pay for the goods and services they purchase
The number of days it takes for a business to convert its products into cash
Ending accounts receivable are $22,000. Daily revenue is $2,000. Calculate collection period.
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!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.