Maurice Tutor

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About Maurice Tutor

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Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
Last Sign in: 408 Weeks Ago, 5 Days Ago
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Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

Experience

  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Management Posted 08 Jul 2017 My Price 9.00

Lunar Calendar Company

Lunar Calendar Company is analyzing the performance of its cash management department. The firm has inventory which turns 7.2 times per year, an average payment period of 40 days, and an average collection period of 60 days. The firm’s total annual outlays are $2,500,000. (Assume a 365-day year.)
(a) Calculate the firm’s operating and cash conversion cycles.
(b) Calculate the amount of resources needed to support the firm’s cash conversion cycle.
(c) The firm is considering speeding the collection of accounts receivable by using lockboxes. The lockboxes would reduce the average collection period by four days and cost $2,000 in fees. If the firm can earn 9% on its short-term investments, what recommendation would you make to the firm regarding the lockbox system?

Answers

Maurice Tutor
(5)
Status NEW Posted 08 Jul 2017 08:07 AM My Price 9.00

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