FIN 100 Week 9 Homework TextBook
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There are three (3) types of textbook based homework items located at the end of each chapter. These include Review Questions (RQ), Exercises (E), and Problems (P). Some homework items have been custom created.
Complete the following from the textbook:
Chapter 15: P1, Chapter 16: P1
Problem 1
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Pretty Lady Cosmetic Products has an average production process time of forty days. Finished goods are kept on hand for an average of fifteen days before they are sold. Accounts receivable are outstanding an average of thirty-five days, and the firm receives forty days of credit on its purchases from suppliers. a. a. Estimate the average length of the firm’s short-term operating cycle.
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b. Assume net sales of $1,200,000 and cost of goods sold of $900,000. Determine the average investment in accounts receivable, inventories, and accounts payable. What would be the net financing need considering only these three accounts?
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Answers
Status NEW
Posted 26 Jun 2019 12:06 PM
My Price 10.00
FIN----------- 10-----------0 W-----------eek----------- 9 -----------Hom-----------ewo-----------rk-----------
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file 1561550776-FIN 100 Week 9 Homework TextBook.docx preview (262 words )
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